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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Million
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Millions
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Years
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Think
Fifty
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A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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Be brave when others are afraid, and afraid when others are brave.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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