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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Long
Hold
Pays
People
Term
Assets
Values
Cash
Certain
Shouldn
Equivalents
Today
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Virtually

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Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
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When they get their ego involved, people do things they shouldn't do.
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A hyperactive stock market is the pickpocket of enterprise.
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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