A Quote by Warren Buffett

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

Warren Buffett

Quote Topics

Bank Build Convince Five Five Minutes Interest Interest Rate Investment Me Minutes Only Preferred Preferred Stock Rate Sell Stock Takes Years

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

Tardiness is next to wickedness in a society relentless in its consumption of time as both a good and a service--as tweet and Instagram, film clip and sound bite, as sporting event, investment opportunity, Tinder hookup, and interest rate--its value measured not by its texture or its substance but by the speed of its delivery, a distinction apparent to Andy Warhol when he supposedly said that any painting that takes longer than five minutes to make is a bad painting.

Lewis H. Lapham

I presumably lost $150,000 in the depression of 1937—on my one stock investment—because I did everything Lehman Brothers told me. I said, well, this is a fool’s procedure . . . buying stock in other people’s businesses.

Studs Terkel

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Warren Buffett

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.

Warren Buffett

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Milton Friedman

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.

Michael Hudson

My struggle over the years has constantly been, it only takes 10 minutes, or an average shower, to come up with a mini-series or two, but it takes a year to draw them. So for me, it's been just trying to find a way to get all these ideas and all these incidents on paper.

Mike Mignola

The difference between smartphones and cigarettes is this: a cigarette robs 10 minutes from your lifespan, but at least has the decency to wait and withdraw all that time in bulk as you near the end of your life - whereas a smartphone steals your time in the present moment, by degrees. Five minutes here. Five minutes there. Then you look up and you're 85 years old.

Charlie Brooker

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.

James Chanos

I have makeup that I can do in 15 minutes, 10 minutes, or five minutes, depending on what I'm doing that day. On a day when I'm shooting, it's 15 minutes. Five minutes is when I'm running around that day, and it's no big deal.

Claire Saffitz

The events which transpired five thousand years ago; Five years ago or five minutes ago, have determined what will happen five minutes from now; five years From now or five thousand years from now. All history is a current event.

Dr. John

I want to make an extremely strong appeal to those who abstained. Vote. It takes five minutes and then it's for five years.

Laurent Fabius

We want to keep a preferred rate for capital gains - we think it is important to encourage investment.

Gary Cohn

You can totally have a great little yoga routine in 20 minutes: 10 sun salutations and five or six standing poses and five minutes of stretching.

Mandy Ingber

I go into the gym and do 75 pullups, 75 dips, 150 squats, 150 pushups, and then 20 minutes of ab work. Done. It takes an hour; I'm in and out. I sweat the whole time.