27 Timely Warren Buffett Quotes: 2017 Letter to Shareholders

ON BREEDING FAILURE

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“Finally, there are three connected realities that cause investing success to breed failure. First, a good record quickly attracts a torrent of money. Second, huge sums invariably act as an anchor on investment performance: What is easy with millions, struggles with billions (sob!). Third, most managers will nevertheless seek new money because of their personal equation ‘ namely, the more funds they have under management, the more their fees.”

One thought on “27 Timely Warren Buffett Quotes: 2017 Letter to Shareholders

  1. i found it amazing to people of may class who have big dreams of future,and yet they are not working for it.Madela say it’s only throw education that you can it with the son’s boss.

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