For the experts: Name the two most important principles of finance?

Having an interesting disscussion with someone who claims to be a CPA for 30 years and can't name them.


To be fair to him, I will ask the business and finance community what they think the two most important principles are. Your opinion, and maybe I will learn something new for myself in the answers.

For the experts: Name the two most important principles of finance?
There are sooo many answers to that, depending on the category you're asking about.





CPAs - Debits on the left, credits on the right


Investing - Buy low, sell high


Planning - Save early, save often
Reply:make a profit and dont lose money
Reply:Debits on the left, and credits on the right..
Reply:(Sings) Neither a borrower nor a lender be,


Do not forget: Stay out of debt; Think twice, and take this


good advice from me, Guard that old solvency. There鈥檚 just


one other thing you ought to do. To thine own self be true.





[Enter entire cast]


ALL:


(Sing)


Neither a borrower nor a lender be,


Do not forget: Stay out of debt;


Think twice, and take this good advice from me,


Guard that old solvency.


There鈥檚 just one other thing you ought to do,


To thine own self be true.