What I Think I Know
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What I Think I Know

“Just trying to do the hardest thing of all – to understand”

Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power – after taxes have been paid on nominal gains – in the future.

Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power – after taxes have been paid on nominal gains – in the future.

February 9, 2019 Nate

— Warren Buffett


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Altruism A Philosophy of Life Awareness Biology Brain & Mind Caring Too Much About What Others Think Charlie Munger Death Democracy Desire Economics Emotions Epictetus Fear Funny History Human Behavior Human Folly Immigration Individuality Investing Irrationality Knowledge Language Life Love Machine Learning Marcus Aurelius Marriage Money Pain & Suffering Perspective Politics Prince Seneca Social Influence Standard of Living Stoics Success Thinking Time Truth Uncertainty War Work
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