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Meaning
The quote gives a practical warning about reverse mortgages: if someone may need to move within a relatively short time, the product may not be a good fit. It frames the decision as a financial one rather than an emotional one. The emphasis is on planning ahead before taking on that kind of loan.
When It Was Said
Not documented yet.
Who It Was Said To
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Historical Context
Not documented yet.
Source
Not documented yet.
Original Language & Translation
Originally said in English.
Did They Really Say It?
No source found on Wikiquote; the quote is listed as attributed to Charles Duhigg.
Did You Know?
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About Charles Duhigg
American journalist and non-fiction author
Charles Duhigg is an American journalist and non-fiction author. He was a reporter for The New York Times and now writes for The New Yorker Magazine. He has 158 quotes on the site and is the author of three books, including The Power of Habit: Why We Do What We Do in Life and Business, Smarter Faster Better, and Supercommunicators: How to Understand the Language of Connection. In 2013, he received the Pulitzer Prize for Explanatory Reporting for a series of ten articles on the business practices of Apple and other technology companies. His work focuses on habits, productivity, and the ways people communicate and work.
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- “Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some b…”Charles Duhigg
- “Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil…”Charles Duhigg
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Books by Charles Duhigg
The Power of Habit
2012
Smarter Faster Better
2017
Smarter Faster Better
2016