Warren Buffett Quote

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.


1978 Chairman's Letter - Letters to Shareholders (1957 - 2012)

Picture Quote 1

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't...

Picture Quote 2

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't...

Picture Quote 3

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't...

Picture Quote 4

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't...