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The Wise Investor


her grandfather's attitude, and decided it deserved a
great deal more attention.
"So tell me, John, what is the lesson for today?"
said Kate playfully. She was a trifle worried that he
had forgotten about teaching her, and would not
wish to continue the discussions. Her fears were
soon put to rest.
"The lesson for today comes from the book of
Exodus," said John in a deep, solemn voice,
reminiscent of Charlton Heston's portrayal of
Moses.
"Bastard!" said Kate, slapping him on the arm in
her traditional way. "First a gardening lesson, and
now religion!"
John's face burst into laughter, unable to maintain
it's mock sincerity. "On the contrary, my dear, the
topic is highly relevant. The Jews' exodus from
Egypt was a trying time, and resources had to be
allocated and managed very carefully." Kate's face
betrayed confusion, and John quickly decided that a
more traditional approach would be more effective.
"Kate," he said confidently, "today we will begin
with budgeting. Have you ever had the feeling of
receiving a large bill, and not knowing if you will
have enough spare cash to pay it?"
"Of course not, John," said Kate with mock
irritation. They both laughed.
"Well, you won't ever have that feeling again.
You may not be any richer next week, but you will
know that every bill you receive can be paid on the
spot. Believe me, Kate, it's a very satisfying
feeling."
"What's this all about?" said Kate, not quite
following him.
"Its about budgeting," John replied. "Let me
continue, and you'll soon see. First, remember that
most bills and expenses are predictable. Yes, there
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