"My luck was accentuated by my living in a market system that sometimes produces distorted results, though it overall serves our country well. I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious."
- Warren Buffett,
in a letter to other billionaires as quoted in a Bloomberg News article on June 17, 2010.
No comments:
Post a Comment