Buyback Principle

The Buyback principle is old wine in a labelled bottle. The label is new; the wine has kept many households steady.

Applied daily, it changes less than you hope and more than you expect. That is how principles work — unglamorous, cumulative, and visible only in photographs taken years apart.

It is worth keeping in your pocket not because it is always right, but because it is always available. A tool you carry beats a perfect tool you left at home.

Ask the LIC agent at your door and the trader at his terminal — both will tell you the same thing in different clothes: money listens to discipline and laughs at moods.

Money is a good clerk and a terrible master; the arrangement is entirely up to us. The idea has done its job if, the next time it happens to you, you smile before you react.