The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
Warren BuffettDon't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
Warren BuffettThe major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.
Warren Buffett