Posts tagged warren

A dead oil prospector gets stopped at the pearly gates and is told by St Peter that Heaven’s allocation of miners is full up. The speculator leans through the gates and yells “Hey, boys! Oil discovered in Hell”. A stampede of men with picks and shovels duly streams out of Heaven and an impressed St Peter waves the speculator through.

“No thanks,” says the sage. “I’m going to check out that Hell rumour. Maybe there is some truth in it after all”.

by Warren Buffet

So thus it is with investors…