Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett Quotes
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You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.
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A public-opinion poll is no substitute for thought.
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Warren Buffett (66)
Birth: | 30th August, 1930 |
Nationality: | American |
Profession: | Businessman, Chairman, Chief Executive Officer, Investor, Philanthropist |
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