"I'm reminded of a piece of advice my father gave me regarding shoes: it has stood me in good stead whenever my own finances were low. He said, it's better to buy one good pair of shoes than four cheap ones. One pair made of fine leather could outlast four inferior pairs and, if well cared for, would continue to proclaim your good judgement and taste no matter how old they become. It is rather like the stock market. It makes more sense to buy just one share of blue chip than 150 shares of a one-dollar stock."
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