
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 42
1997 Chairman's Letter
Letters to Shareholders (1957 - 2012)
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 42
Ralph George Hawtrey, quoted in Irving Fisher, The Theory of Interest (1930), Chapter 19. The Relation of Interest to Money and Prices
Source: The Vampire Economy: Doing Business Under Fascism, 2014, p. 178
On why hasn’t inflation increased dramatically in the U.S despite the Federal Reserve kept interest rates low.
We Need a More Humane Economic System—Not One That Only Benefits the Rich (December 26, 2018)
“Only a faster-than-exponential stock market growth makes private investors feel richer.”
Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 43
1978 Chairman's Letter http://www.berkshirehathaway.com/letters/1978.html
Letters to Shareholders (1957 - 2012)