Buffet's warning about the pernicious effects of inflation

The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation.

Quotes by Warren Buffet

"Rule No.1 is never lose money. Rule No.2 is never forget rule number one."

"Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner."

"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."

"Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it."

"If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it."

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This blog is dedicated to help equity investors to enhance their knowledge in stock market investing with the help of postings and articles from leading economic experts and investment gurus. This blog mainly focus on guiding investors who invest in Indian Stock Market. There are lot of people invest in stock markets with out knowing the intricacies and risks involved in it and end up losing their hard earned money.When entering into any field especially in a complex field like stock market knowledge must. We are aiming to help you narrow that gap and thus become successful investors.

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