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Why Stocks Beat Gold and Bonds
Oleh:
Buffett, Warren
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 3 (Mar. 2012)
,
page 40-45.
Topik:
Shareholder Letter
;
Investing
;
Stocks
;
Equities
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In an adaptation from his upcoming shareholder letter, the Oracle of Omaha explains why equities almost always beat the alternatives over time. 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 (BRKA) 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.
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