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If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investing
Government
Better
Much
Eliminate
Partner
Partners
More quotes by Warren Buffett
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
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I know what I want to do and it makes sense to get going.
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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.
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
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Buy into a company because you want to own it, not because you want the stock to go up.
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