If I was running $1 million today, or $10 million for that matter, I'd be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I've ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.
Warren BuffettRelated topics
advantage anyone dow guarantee hurt investing investment matter million money numbers ought performance return running see selling size structural think year 1950s today peanuts ratesRelated quotes
[The church] is in its major part an opponent still of progress and improvement in all the ways that diminish suffering in the world, because it has chosen to label as morality a certain narrow set of rules of conduct which have nothing to do with human happiness; and when you say that this or that ought to be done because it would make for human happiness, they think that has nothing to do with the matter at all. "What has human happiness to do with morals? The object of morals is not to make people happy.
Bertrand Russell
I've seen a lot of patriots and they all died just like anybody else if it hurt bad enough and once they were dead their patriotism was only good for legends it was bad for their prose and made them write bad poetry. If you are going to be a great patriot i.e. loyal to any existing order of government (not one who wishes to destroy the existing for something better) you want to be killed early if your life and works won't stink.
Ernest Hemingway
I remember my youth and the feeling that will never come back any more the feeling that I could last for ever, outlast the sea, the earth, and all men the deceitful feeling that lures us on to joys, to perils, to love, to vain effort to death the triumphant conviction of strength, the heat of life in the handful of dust, the glow in the heart that with every year grows dim, grows cold, grows small, and expires and expires, too soon, too soon before life itself.
Joseph Conrad
When I received the Nobel Prize, the only big lump sum of money I have ever seen, I had to do something with it. The easiest way to drop this hot potato was to invest it, to buy shares. I knew that World War II was coming and I was afraid that if I had shares which rise in case of war, I would wish for war. So I asked my agent to buy shares which go down in the event of war. This he did. I lost my money and saved my soul.
Albert Szent-Györgyi
I'll cut out government spending that's not working, that we can't afford, but I'm also going to ask anybody making over $250,000 a year to go back to the tax rates they were paying under Bill Clinton, back when our economy created 23 million new jobs, the biggest budget surplus in history and everybody did well. Just like we've tried their plan, we tried our plan - and it worked. That's the difference. That's the choice in this election. That's why I'm running for a second term.
Barack Obama
