From the Archives: Will Rogers: If It Don't Go Up...
Will Rogers owned extensive real estate, was Hollywood's highest-paid actor, and enjoyed success across print and radio. He was a wealthy man for his time, with an estimated net worth of $5 million at his death, in 1935 during the Great Depression.
He also had some inarguable investing advice:
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
– Will Rogers
Rogers nonsensical aphorisms usually contained brilliant insights. This quote teaches us that investment advice is easy to give, but investing itself is a good deal harder.
A good place to start enjoying Rogers is The Words & Wisdom of Will Rogers: Letters, Speeches and Quotes.
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