Of all the profitable things which develop quickly under the hand, I have thought my young nurseries show the greatest yield. We keep a set of account books for each place, and I was amazed not long ago at the…
The great business interests will, I hope, so comport themselves that foreign capital will consider it a desirable thing to hold shares in American companies. It is for Americans to see that foreign investors are well…
The great business interests will, I hope, so comport themselves that foreign capital will consider it a desirable thing to hold shares in American companies. It is for Americans to see that foreign investors are well…
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 53
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
It was in allusion to this fact that, when in our fire company we feared the success of our proposal in favour of the lottery, and I had said to my friend Mr. Syng, one of our members, "If we fail, let us move the purchase of a fire-engine with the money; the Quakers can have no objection to that; and then, if you nominate me and I you as a committee for that purpose, we will buy a great gun, which is certainly a fire-engine." "I see," says he, "you have improv'd by being so long in the Assembly; your equivocal project would be just a match for their wheat or other grain."
Benfen means focusing management on creating value for consumers.
21:00 Figures · Investing · Modern investor letters
Warren Buffett:Berkshire 2013 Letter, Excerpt 3
Warren Buffett《Berkshire Hathaway 2013 Letter to Shareholders》· 2013 Chairman's Letter · Investing
Charlie Munger, Berkshire’s vice chairman and my partner, and I believe both Berkshire’s book value and intrinsic value will outperform the S&P in years when the market is down or moderately up. We expect to fall short, though, in years when the market is strong – as we did in 2013. We have underperformed in ten of our 49 years, with all but one of our shortfalls occurring when the S&P gain exceeded 15%.
The great business interests will, I hope, so comport themselves that foreign capital will consider it a desirable thing to hold shares in American companies. It is for Americans to see that foreign investors are well…