I have worked with investors for 60 years and I have yet…
“I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Investors prioritize returns over tax considerations, rarely avoiding good opportunities because of tax rates.
In simple terms: Investors ignore taxes when choosing good investments.
Key Takeaway
Focus on investment quality, not tax impact.
Themes
investment
taxation
behavior
decisionmaking
Mood
analytical
pragmatic
Type
financial
business
When to use this quote
- portfolio selection
- financial planning
- investment analysis
Key Concepts
riskreturn tradeoff
behavioral finance
tax efficiency
Questions to Reflect On
- Do you evaluate investments before or after taxes?
- How might tax changes alter your risk tolerance?
A Different Perspective
Taxes can affect net returns and may influence after‑tax strategies.