Mykhaïlo Golub

72%
Flag icon
To sum up, think of three types of “savings accounts.” The great one pays an extraordinarily high interest rate that will rise as the years pass. The good one pays an attractive rate of interest that will be earned also on deposits that are added. Finally, the gruesome account both pays an inadequate interest rate and requires you to keep adding money at those disappointing returns.
Berkshire Hathaway Letters to Shareholders: 1965-2024
Rate this book
Clear rating
Open Preview