Wednesday, December 18, 2013

Hamburger Quiz

"If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves." 

Warren E. Buffett, Letter to Shareholder, February 27 1998