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.
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.
The 3 percent overall federal tax rate I would pay -- if a Berkshire dividend were to be tax free -- seems a bit light.
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.
The first rule is not to lose. The second rule is not to forget the first rule.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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War is not its own end, except in some catastrophic slide into absolute damnation.
Lois McMaster Bujold
I'm a very big believer in fate.
Latinos are here to stay. As citizen Raquel, I'm proud to be Latina.