“Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid by historical standards, but now give him $100 billion in assets and measure outcomes across all of it, it doesn't look so good. We can only buy big positions, and the only time we can get big positions is during a horrible period of decline or stasis. That really doesn't happen very often.” GivingLooksDoneBigsHappensLastsHurtFivePositionReturnPeriodsStandardsHistoricalSizeBillionsHorribleOutcomesAssetsDeclineOnly TimeSplendidStasis Author:Charlie Munger
“In my view, there is no justice when the 15 wealthiest people in this country in the last two years, saw their wealth increase by $170 billion. That is more wealth acquired in a two year period than is owned by the bottom 130 million Americans.” PeopleYearsTwoCountryLastsWealthJusticeViewsMillionsSawsPeriodsIncreaseBottomBillionsTwo Years Author:Bernie Sanders
“I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.” PeopleThinkingMeanProblemAbilitySawsPeriodsSolutionsBiggerSizeBillionsHolesWeekendPrivate Sector Author:Warren Buffett