How Much And When

What you’re doing when you invest is deferring consumption and laying money out now to get more money back at a later time.  And there are really only two questions.  One is how much you’re going to get back, and the other is when.
—    Warren Buffett
[Here, Buffett is talking about stocks and the economy, but he might just as well be talking about public education or infrastructure reinvestment or any government provided service.  Almost all such services – local, state or federal must all be paid for well in advance of them being required, used or productive.  It’s too late to pay for a fire department after your house has been burned down.  It’s too late to pay for road repair when you die because the ambulance taking you to the ER blew out an axle on a pot hole.  It’s too late to pay for other families’ children to get educated when they are robbing you because they are unemployed or too underemployed to feed themselves and their family.    —    kmab]
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On This Day In:
2022	Prayers For Ukraine
2021	Be Your Own Hero
	Another Frog King
2020	Still Trying To…
2019	Press Freedom
2018	Or Loyalty To An Unqualified And Incompetent President
2017	A Bad Sale
2016	Be Happy!
2015	Are You Feeling Cold?
2014	Never Asked
2013	In Praise Of Change
2012	John Carter Of Mars
	Circular
2011	How Much And When

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