Date of publication: 2017-08-30 04:27
We are best at evaluating businesses where we can come to a judgment that they will look a lot like they do now in five years. The businesses will change, but the fundamentals won’t. Iscar will be better – maybe a lot bigger – in five years, but the fundamentals will be the same. [In contrast,] look at how much telecom has changed.
So once you decide to be a partial owner to enjoy the growth of your company or its dividends the next thing you must consider is the 8775 valuation 8776 game.
Buffett: I always felt I would compound money at a rate higher than average and it would have been foolish to give away a significant portion of my capital, which would have been spent within months. I thought my wife would be doing it [giving my fortune away], but that didn’t work out.
Lauded as the most successful business investor in the world, many people are striving to become like Warren Buffett. And, while there isn 8767 t really a [ ]
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Relative to GDP, government taxation is % and spending is 75%, so we borrow the balance. The national debt should not be a scary topic and the fact that it’s gone up is fine as long as it’s proportional to GDP. Where do we get that %? There’s trillion in government revenues. trillion comes from individuals, and less than 6% of that comes from the estate tax. trillion comes from income taxes, with payroll taxes consisting of 955 billion, but it’s capped at the first $655,555 of salary. We want a tax system that encourages greater prosperity, but it needs to take care of the family.
"Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action," he once said in an interview.
As the authors noted in this study , subjects who reflected on the good things in their life once a week (by writing them down) were more positive and motivated about their current situation and their future.