Warren Buffet on Death & Taxes, and other things.

[LinusKS]

On Gold-bugs:

"It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."


On brokers:

"but investors should understand that what is good for the croupier is not good for the customer."


On the Death Tax:

Repealing the estate tax would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics."


On tax cuts for the rich:

"Putting $1,000 in the pockets of 310,000 families with urgent needs is going to provide far more stimulus to the economy than putting the same $310 million in my pockets."


On class warfare:

"If class warfare is being waged in America, my class is clearly winning."