An irresistible 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. (Warren Buffett)

An irresistible 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.

Warren Buffett

Related topics

bottom buy commit enough fallen footnote full fund low net pension record funds stocks

Related quotes

Jupiter: I committed the first crime by creating men as mortals. After that, what more could you do, you the murderers? Aegisteus: Come on; they already had death in them: at most you simply hastened things a little.

Jean-Paul Sartre

If the principle is, "Let's not get lethal substances out to the public", the first one you'd go after is tobacco. The next one you'd go after is alcohol. Way down the list you'd get to cocaine, and sort of invisibly low you'd get to marijuana.

Noam Chomsky

All science is full of statements where you put the best face on your ignorance, where you say: true enough, we know awfully little about this, but more or less irrespective of the stuff we don't know about, we can make certain useful deductions.

Hermann Bondi

Never cease loving a person, and never give up hope for him, for even the prodigal son who had fallen most low, could still be saved the bitterest enemy and also he who was your friend could again be your friend love that has grown cold can kindle.

Søren Kierkegaard

Nothing can justify crimes such as those of September 11, but we can think of the United States as an "innocent victim" only if we adopt the convenient path of ignoring the record of its actions and those of its allies, which are, after all, hardly a secret.

Noam Chomsky