Thursday, September 25, 2008

Telling it like it is....

A couple of classic Warren-isms, from the greatest investor out there.

  • "[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    • Warren Buffet, Harvard, 1998

 

  • "After all, you only find out who was swimming naked, once the tide goes out"
    • Warren Buffet, Charman's Letter, 2001

 

  • Someone's sitting in the shade today because someone planted a tree a long time ago.
    • As quoted in The Real Warren Buffett : Managing Capital, Leading People (2002) by James O'Loughlin

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