“Instead, we try to apply Aesop's 2,600-year-old equation to opportunities in which we have reasonable confidence as to how many birds are in the bush and when they will emerge (a formulation that my grandsons would probably update to "A girl in a convertible is worth five in the phonebook.").”

2000 Chairman's Letter
Letters to Shareholders (1957 - 2012)

Adopted from Wikiquote. Last update June 3, 2021. History

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Warren Buffett146

American business magnate, investor, and philanthropist 1930

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“I'd like to work on having every fourth year become a year in which no laws are made, but the old laws are reviewed, updated, or deleted as needed. That way we won't get endless, obsolete laws piling up on the books.”

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Context: The problem of cat versus bird is as old as time. If we attempt to resolve it by legislation who knows but what we may be called upon to take sides as well in the age old problems of dog versus cat, bird versus bird, or even bird versus worm. In my opinion, the State of Illinois and its local governing bodies already have enough to do without trying to control feline delinquency.
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Context: Society triumphs over many. They wish to regenerate the world with their institutions, with their moral philosophy, with their love. Then they sink to living from breakfast till dinner, from dinner till tea, with a little worsted work, and to looking forward to nothing but bed.
When shall we see a life full of steady enthusiasm, walking straight to its aim, flying home, as that bird is now, against the wind — with the calmness and the confidence of one who knows the laws of God and can apply them?

“Instead, we try to apply Aesop's 2,600-year-old equation to opportunities in which we have reasonable confidence as to how many birds are in the bush and when they will emerge (a formulation that my grandsons would probably update to "A girl in a convertible is worth five in the phonebook.").”

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