My friends and I have been coddled long enough by a billionaire-friendly Congress.
Interpretation
The quote criticizes how Congress has favored the rich, indicating that the wealthy elite have been given too much support.
Warren Buffett expresses his belief that Congress has overly catered to the interests of billionaires, suggesting that this has resulted in a lack of accountability and fairness for the average citizen. He implies that such favoritism has prolonged injustices and that it's time for the wealthy to face the realities of economic challenges, rather than being sheltered by governmental policies that benefit them disproportionately.
In practice
In a discussion about wealth inequality, one might cite this quote to highlight the systemic issues in Congress.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
It's a good thing we don't get all the government we pay for.
Mankind, when left to themselves, are unfit for their own government.
To resolve this issue will require Iran to come to the table and discuss in a clear and forthright way how to prove to the international community that the intentions of their nuclear program are peaceful. [...] The question is going to be whether in these discussions they show themselves moving clearly in that direction.
The question is the morning after. What sort of Iraq do we wake up to after the bombing? What happens in the region? What impact could it have? These are questions leaders I have spoken to have posed.
Communism didn't fall. It was pushed.
England has not wholly escaped the curse which must ever befall a free government which holds extensive provinces in subjection; for, although she has not lost her liberty or fallen into anarchy, yet we behold the population of England crushed to the earth by the superincumbent weight of debt and taxation, which may one day terminate in revolution.
Subscribe for the occasional hand-picked quote. No noise.