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It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Interest
Sell
Years
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Build
Preferred
Minutes
Stock
Takes
Bank
Five
Convince
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Inactivity strikes us as intelligent behavior.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
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Bad terminology is the enemy of good thinking.
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I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
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If you don't make mistakes you can't make decisions.
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People will always try to stop you from doing the right thing if it is unconventional.
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