Somebody's buying these treasury bills at 1<br>20th of one percent. Consuming about $2 billion a day of goods … - Warren Buffett

Same topic Authors

Quote of the day

The appetite grows with eating.

Warren Buffett

Somebody's buying these treasury bills at 1
20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something. We got to send them something in return, don't we. So we send them little pieces of paper.

Paper, Pieces, Producing, Sends, World

Same Author Quotes

If you don't find a way to make money while you sleep, you will work until you die.

Business, Money, Way, Work

The best investment you can make, is an investment in yourself. . . The more you learn, the more you'll earn.

Best Investment, Earn, Investment, Learn, Make

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

Energy, Integrity, Look, Person, Two

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

Competitor, Differences, Good, Losing, Power, Prayer

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

Decision, Discipline, Emotional, Invest, Unusual