"Our approach is very much profiting from..." - Quote by Warren Buffett
Our approach is very much profiting from lack of change rather than from change.
More by Warren Buffett
“This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.”
“I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.”
“If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.”
More on Investment
“Remember, that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six, turned again it is seven and threepence, and so on, till it becomes a hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding sow, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.”
“If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five.”
“The diligent farmer plants trees, of which he himself will never see the fruit.”
More on Stability
“The Army (considering the irritable state it is in, its suffering and composition) is a dangerous instrument to play with.”
“We need stable regimes in this part of the world [the Mideast] who will be partners and friends of ours, because the fact of the matter is we do rely on imported oil to fuel our economy and to fuel our nation.”
“With one more talent one frequently stands with greater instability than with one less, as a table stands better on three legs than on four.”