As the low value of gold and silver, therefore, is no proof of the wealth and flourishing state of the country where it takes place; so neither is their high value, or the low money price either of goods in general, or of corn in particular, any proof of its poverty and barbarism.
At that time, 10 per cent. a year interest was a very common rate for such loans. At the banks the rate might not have been quite so high; but of course the financial institutions could not supply all the demands, so…
At that time, 10 per cent. a year interest was a very common rate for such loans. At the banks the rate might not have been quite so high; but of course the financial institutions could not supply all the demands, so…
From 1595 to 1620, both inclusive, the average price of the quarter of nine bushels of the best wheat, at Windsor market, appears, from the accounts of Eton college, to have been £ 2:1:6 ⁹⁄₁₃. From which sum, neglecting the fraction, and deducting a ninth, or 4s. 7 ⅓d., the price of the quarter of eight bushels comes out to have been £ 1:16:10 ⅔. And from this sum, neglecting likewise the fraction, and deducting a ninth, or 4s. 1 ⅑d., for the difference between the price of the best wheat and that of the middle wheat, the price of the middle wheat comes out to have been about £ 1:12:8 ⁸⁄₉, or about six ounces and one-third of an ounce of silver.
At that time, 10 per cent. a year interest was a very common rate for such loans. At the banks the rate might not have been quite so high; but of course the financial institutions could not supply all the demands, so…
This silly affair, however, greatly increased his rancour against me, which was before not a little, on account of my conduct in the Assembly respecting the exemption of his estate from taxation, which I had always…
沃伦·巴菲特《伯克希尔·哈撒韦 2023 年致股东信》· 2023 Chairman's Letter · 投资
In what I next relate, bear in mind that Charlie and his family did not have a dime invested in the small investing partnership that I was then managing and whose money I had used for the Berkshire purchase. Moreover, neither of us expected that Charlie would ever own a share of Berkshire stock.
At that time, 10 per cent. a year interest was a very common rate for such loans. At the banks the rate might not have been quite so high; but of course the financial institutions could not supply all the demands, so…