 |
|
Home | Warren Buffett: Why stocks beat gold and bonds |
 |
Warren Buffett: Why stocks beat gold and bonds
|
 |
- February 09, 2012
-
Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire Hathaway 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. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later date.
- Read more at:http://rss.cnn.com/~r/rss/money_topstories/~3/227-rB34PBY/
|
 |
|
 |
|
 |
