If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.
Nationality: American Type: Journalist Born: 1878 Death: 1954 |
To keep the heart unwrinkled, to be hopeful, kindly, cheerful, reverent that is to triumph over old age.
I look for these qualities and characteristics in people. Honesty is number one, respect, and absolutely the third would have to be loyalty.