My friends and I have been coddled long enough by a billionaire-friendly Congress.
Interpretation
The quote criticizes how Congress has favored the rich, indicating that the wealthy elite have been given too much support.
Warren Buffett expresses his belief that Congress has overly catered to the interests of billionaires, suggesting that this has resulted in a lack of accountability and fairness for the average citizen. He implies that such favoritism has prolonged injustices and that it's time for the wealthy to face the realities of economic challenges, rather than being sheltered by governmental policies that benefit them disproportionately.
In practice
In a discussion about wealth inequality, one might cite this quote to highlight the systemic issues in Congress.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
Criticism of government finds sanctuary in several portions of the 1st Amendment. It is part of the right of free speech. It embraces freedom of the press
A day will come when our children and grandchildren will look back and they'll ask one of two questions. Either they will ask: "what in God's name were they doing?" or they may look back and say: "how did they find the uncommon moral courage to rise above politics and redeem the promise of American democracy?"
The question is the morning after. What sort of Iraq do we wake up to after the bombing? What happens in the region? What impact could it have? These are questions leaders I have spoken to have posed.
I have always seen the United States as a force of good. And I have learned that there is the idealistic part about what we can do at the U.N. and there is a doable part. And I have learned what is more doable.
The framers of our Constitution understood the dangers of unbridled government surveillance. They knew that democracy could flourish only in spaces free from government snooping and interference, and they put restraints on government overreaching in the Fourth Amendment of the Bill of Rights. . . . These protections require, at a minimum, a neutral arbiter - a magistrate - standing between the government's endless desire for information and the citizens' desires for privacy.
There exists no politician in India daring enough to attempt to explain to the masses that cows can be eaten.
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