A Quote by Warren Buffett
If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more.
If you were to take the lessons and experiences you've acquired in the past one year, five years or 10 years and skillfully invest that into your future, how powerful would that be? Where would you find yourself at the end of the next year?
I don't believe in making five-year plans. I don't want to say, "Yes, I want to have children in the next five years," because I don't know. I've always known that I'd like to be a mom, but I don't want to live by a schedule. If I [did], I wouldn't be living in the moment.
Fifty years ago or a hundred years ago, generally, most people would buy a house the way you buy a car. When you buy a car, do you think, 'I better buy this year rather than next year because car prices might go up?'
Abbott Labs absolutely are on the mend. You were able to buy 15 percent growth over the last five, 10 and 20 years at 13 or 14 times earnings, ... It's a great opportunity. Buy on this dip. We think a year from now the chart's going to be a mirror image on the up side.
Winning slowly is another way of losing. Americans are screwing up our health care system again right now. That's going to cause grave trouble for people over the next five, 10 years. There are going to be lots of people who die, lots of people who are sick. It's going to be horrible. But 10 years from now it will not be harder to solve the problem because you ignored it for those 10 years. With climate change, that's not true. As each year passes, we move past certain physical tipping points that make it impossible to recover large parts of the world that we have known.
Truth is, I think, if God just gave us our daily bread, many of us would be angry. 'That's all you're going to give me? You're just going to give me enough to sustain me for today? What
about tomorrow or next year or 10, 20, 30 years from now? I want to know that I'm set up.' And yet Jesus says just pray for your daily provisions.
Truth is, I think, if God just gave us our daily bread, many of us would be angry. 'That's all you're going to give me? You're just going to give me enough to sustain me for today? What about tomorrow or next year or 10, 20, 30 years from now? I want to know that I'm set up.' And yet Jesus says just pray for your daily provisions.
If I knew that 3D was going to be such a big deal, I would have gotten that boob job 10 years ago.
10 years ago [in 2006], nearly 90 percent of those albums sold enough in that year to reach Gold status. 10 years later, about 30 percent were eligible. With the new rules, we figure about 40 percent of the top 200 best-sellers for the year will be eligible. We were very cautious in our approach to changing how we calculate what is eligible because the integrity of the process is our foremost consideration. It's difficult to get certified sales awards, and it's a big deal and we didn't want there to be a huge change in how many would be eligible.
If you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.
Right now, as I've gotten older, my tics sustain for five or ten years. So, I can deal with them on a daily basis; I know how it affects my body. But when you're 10 years old, and every three months a tic comes along, it's daunting because you don't know what the next one is going to look like, what it's going to feel like.
In next five to 10 years I probably would have done my best work, but I was afraid of having another 10 or 15 years ahead of me and feeling stale, so this was an opportunity to reinvigorate myself.
Of course I think a 10-year investment would be in a team's best interest. Look at Cal Ripken Jr., that guy was around until he was like 40... Not that I'm going to be in my 40s at the end of the 10-year deal or anything.
I knew that people were going to talk about it, I knew it was embarrassing, and I knew it was a big deal. But did I think that it was going to be this thing that followed me for, you know, the next years to come? I guarantee you, 25 years from now, I'll be known as the girl that lip synced on 'SNL.' But, you know, it was a weird thing. Not fun.
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