Convince Quote by Warren Buffett
“It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.”
About This Quote
Source Interview: CNBC, 2005
Building lasting institutions takes decades, yet people can be persuaded quickly to sell risky assets at attractive rates.
In simple terms: Institutions need time; deals can be rushed.
Key Takeaway
Beware of quick, high‑return offers.
Themes
finance
trust
risk
investment
Mood
cautious
skeptical
Type
advice
warning
When to use this quote
- investment banking
- stock sales
- financial advice
- high‑interest offers
Key Concepts
institution building
behavioral economics
short‑term persuasion
Questions to Reflect On
- What safeguards can you put in place before agreeing to a high‑interest deal?
- How do you assess the credibility of a quick pitch?
A Different Perspective
The quote assumes rational actors; many lack expertise to evaluate.
