Fantastic quote from Gary North's latest newsletter…

The poor boy thinks that financial success is based on saving money. He does not understand that it is based on a different principle altogether: risking money to make even more money."

Saving money is important, and should not be overlooked. But, even more important, is the ability to take calculated (intelligent) risks when it comes to investing and business.

Of course, not all risks will pay off, but if you keep taking small calculated risks, eventually one of them will.