I recall a conversation with my uncle, an entrepreneur who dabbled in all sorts of ventures, including buying and selling rare and high-value cars for individuals. I was a recently-graduated (I would say, “freshly-minted” but that is so 1997) MBA, eager to show off some of my new learning. My uncle had never gone to college, and I had just earned my third degree. I said, “Hey, I know quite a bit about stock portfolio management. If you ever want to talk about that, let me know, and I’ll be happy to share what I know with you.”

He smiled, obviously amused, and responded,

“Chip, you want my advice? Buy low, sell high.”