Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
More Quotes from Warren Buffett:Derivatives are financial weapons of mass destruction.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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.
Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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