My grandfather gave me great lessons in business without trying, he was very proud to be a trader. He made his wealth from nothing, wasting away their lives for it, but I was happy telling the stories that led them there.
My grandfather was very aware of what costs money and this had a certain reputation of being "frugal" would also mean a word. Of course there were exceptions, with food, for example, do not skimp on food. "To that extent must be left over," he said. But it was very difficult to get a coin.
When a grandchild or a child dared to ask for money would have to endure a couple of hours while telling how bad business was. One term we give a few pesos to help. No I have ratatouille, repeated.
ever told me how he ran his petty cash, ie the two rolls of bills that he was always in his pants, walked into a money bag, a few small bills. In another few thousand, this is the business money, not mine.
I always thought my grandfather was willing to teach you how to make money, however, none of those asked had the patience to learn it.
Professor William Sahlman of Harvard University says: "More cash is better than less effective. The cash sooner is preferred to cash later. Safe cash is preferable to cash risky. You never run out of cash. "
It was clear to my grandfather, he learned it in a Third World country.
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