Monday, 30 October 2017

"I think I could make you 50% a year on $1 million. No, I know I could." (Warren Buffett)

"If I were running $1 million, or $10 million for that matter, I'd be fully invested.  The highest rates of return I've ever achieved were in the 1950's.  I killed the Dow.  You ought to see the numbers.  But I was investing peanuts back then.  It's a huge structural advantage not to have a lot of money.  I think I could make you 50% a year on $1 million.  No, I know I could.  I guarantee that."

-  Warren Buffett, Businessweek, 1999.

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