"If you don't find a way to make money while you sleep, you will work until you die."
"An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks."
3 likes
Source: Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1978.
About the author
Same author
More quotes by Warren Buffett
"Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two."
"The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn."
"Read 500 pages every day. That's how knowledge works. It builds up like compound interest."
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
"The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have."