My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
Warren BuffettI've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
Warren BuffettIf you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
Warren Buffett