Financial Portfolio Quotes

I'm a kibitzer with a broad portfolio.

When I got my statement in January, I was worth $2.2 billion. Then I got another statement in August that said I was worth $3.2 billion. So I figure it's only nine months' earnings, who cares?

Right now I own shares of companies in 28 countries.

I have a real estate development company. I have investments in all sorts of things, and I dabble all over the place.

[My wife] has some investments and stuff.

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.

With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.

I have mutual funds. I have a lot of individual stocks. I'm across the board, really well diversified.

As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.