Tuesday, November 2, 2010

Quotes- How Lucky Are You?

…here is this barrel with 6.5 billion balls, everybody in the world, if you could put your ball back, and they took out a random 100 balls and you had to pick one of those, would you put your ball back in? Now those 100 balls you are going to get out, roughly 5 of them will be American, 95/5. So if you want to be in this country, you will only have 5 balls, half of them will be women and half men--I will let you decide how you will vote on that one. Half of them will be below average in intelligence and half above average in intelligence. Do you want to put your ball in there? Most of you will not want to put your ball back to get 100. So what you are saying is: I am in the luckiest one percent of the world right now sitting in this room-- the top 1% of the world.
-Warren Buffett

I've commented on this before. Feel free to read it.

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