GlobalObserver
2009-04-26 09:14:24
For years I endured criticism for buying real estate free and clear — and not taking out a mortgage when interests rates were so low.
Everyone told me how idiotic I was to keep cash in low-interest savings accounts, or wrapped in rubber bands in a lock box.
I would never make a fortune, I was told, unless I learned to leverage. Inflation would kill me.
But I felt too stupid. I didn’t understand the stock market, and still don’t. I only knew how to save, and how to live on next to nothing.
Sometimes stupid works.
