“All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.” ShouldMeanLongHas BeensMadeRealPastValuesTurnsEnergyTermInterestResultsHonestSecurityMajorsIncreaseManagementInvestmentSellingCorporationsLong TermBuyingInvestorsReceivingCompetentDividendsBuying And Selling Author:Benjamin Graham
“They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?” PeopleYearsHas BeensCountryMatterFactsEarthLastsAmericaWealthResultsHalfClassMillionsMiddleWorstMajorsBottomIncomeInequalityThirtyMiddle ClassWarfareWorking ClassDistributionHandfulBillionaireThirty YearsClass WarfareDistribution Of Wealth Author:Bernie Sanders
“Major League Baseball's labor negotiations involve two paradoxes. The players' union's primary objective is to protect the revenues of a very few very rich owners - principally, the Yankees'. The owners' primary objective is a more egalitarian distribution of wealth. The union believes that unconstrained spending by the richest three teams pulls up all payrolls. Most owners believe that baseball's problems--competitive imbalance, the parlous financial conditions of many clubs--result from large and growing disparities of what are mistakenly treated as 'local' revenues.” BelieveTwoProblemThreeWealthResultsRichGrowingPlayerTeamConditionsProtectMajorsLaborBaseballUnionsFinancialClubsSpendingLocalsObjectivesTreatedPrimariesLeagueOwnersParadoxNegotiationDistributionRevenueYankeesImbalanceDisparityMajor LeaguePayrollPull UpsDistribution Of WealthMajor League Baseball Author:George Will
“A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.” MindPastOpportunityWaitingResultsMajorsResourcesInvestingAvailableCuriousWillingnessOddsMultiplePrudenceInvolvingDiagnosisVariablesUsing Resources Author:Charlie Munger