Monday, February 07, 2005

Learn To Think Like Warren Buffett

Link - One way Warren E. Buffett became the world's most successful investor was by understanding how putting off tax payments can build wealth. Every year in the "owner's manual" he includes with Berkshire Hathaway Inc. (BRKB ) annual reports, he spells out the advantages of deferred tax liabilities over ordinary debt. His essays show how Berkshire boosts returns by keeping cash invested as long as practical until sending it to the U.S. Treasury.

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