"The shortest period of time lies between the minute you put some money away for a rainy day and the unexpected arrival of rain."
"You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value."
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Source: Jane Bryant Quinn (2009). “Making the Most of Your Money Now: The Classic Bestseller Completely Revised for the New Economy”, p.985, Simon and Schuster
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"The best real-estate investments with the highest yields are in working-class neighborhoods, because fancy properties are overpriced."
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"Quinn's First Law of Investing is never to buy anything whose price you can't follow in the newspapers. An investment without a public marketplace attracts the fabulists the way picnics attract ants. Stock brokers and financial planners can tell you anything they want, because no one really knows what's true. The First Corollary to Quinn's First Law states that, even when the price is in the newspapers, you shouldn't buy anything too complex to explain to the average 12-year-old."
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