A Quote by Warren Buffett

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

Warren Buffett

Quote Topics

Any Bandwagon Belief Create Fearful Gold Grow Investors Join Most Motivates Own Party Purchasers Ranks Truth While Will

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.

Warren Buffett

The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

Warren Buffett

Its very important to me to be respected by true talented artists and great minds than by the masses who need to be told how to think. Its more important for me to do things that are spiritually rewarding because that wealth is what makes me feel alive. I do not touch projects that do not yield personal fulfillment, or put me in a field with talent that is over-measured. You wont find me where there is no Truth. And Im not one to jump on any bandwagons or join a gold rush without a purpose. Id rather create my own projects and grow my own fields.

Suzy Kassem

It's interesting that at a time when she could have differentiated herself from the ranks of [Democratic National Committee Chairman] Howard Dean and Nancy Pelosi and the far left ranks of the Democratic Party, she chose to join those on the front ranks of the blame game, It would have been interesting if she had shown some level of restraint.

Brian Jones

My own belief is that the way we grow the economy, create jobs, create wealth is in the private sector. The government doesn't do that.

Dick Cheney

In the most general terms, the Enlightenment goes back to Plato's belief that truth and beauty and goodness are connected; that truth and beauty, disseminated widely, will sooner or later lead to goodness. (While we're making at effort at truth and goodness, beauty reminds us what we're hold out for.)

Susan Neiman

To succeed, we have to be the party of change, we have to root out corruption in our own ranks and we have to be the party of solutions.

Bobby Jindal

While victimhood in America is exalted, I don't think our veterans should join those ranks.

Jim Mattis

The truth is obtained like gold, not by letting it grow bigger, but by washing off from it everything that isn't gold

Leo Tolstoy

Truth does not demand belief. Scientists do not join hands every Sunday, singing, 'Yes, gravity is real! I will have faith!'

Dan Barker

My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.

Don Blanding

But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance.

Terry Pratchett

The difficulty comes from this, that Christianity (Christian orthodoxy) is exclusive and that belief in its truth excludes belief in any other truth. It does not absorb; it repulses.

Andre Gide

Human beings are compelled to adopt a belief system; some paradigm to provide meaning, purpose, and understanding to our lives. A quick survey of the world shows that pretty much any idea will do - it need not reflect reality or truth, merely function to fascinate, distract, and compel. We are designed for belief, not for truth.

Terry Rossio

The truth, the whole truth, nothing but the truth. Little men are dissolved in it. If there is any gold, truth makes it shine more brightly. . . .Truth, even in the mouth of an informer, a spy, a briber, can become bigger than anybody who tries to destroy it. Truth survives.