The investor of today does not profit from yesterday's growth.
More Quotes from Warren Buffett:
Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.Warren Buffett
I think it is a marvelous way to keep directors' interests and shareholders interests as closely aligned as possible, with both an upside and a downside component. Too often, people talk about interests being aligned when the directors get the upside and shareholders get the downside.
Warren Buffett
The 3 percent overall federal tax rate I would pay -- if a Berkshire dividend were to be tax free -- seems a bit light.
Warren Buffett
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Warren Buffett
The first rule is not to lose. The second rule is not to forget the first rule.
Warren Buffett
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Warren Buffett
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