Accounts Quote by Warren Buffett
“Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.”
About This Quote
Source Speech: Annual Shareholder Letter, Berkshire Hathaway, 2008
Tax considerations can outweigh investment returns, prompting a preference for low‑risk savings when rates are high.
In simple terms: High taxes may push investors to keep money in low‑yield accounts.
Key Takeaway
Weigh tax impact before choosing investments.
Themes
taxation
investment strategy
risk management
Mood
pragmatic
analytical
Type
financial
advisory
When to use this quote
- personal finance decisions
- portfolio allocation
- retirement planning
- tax planning
Key Concepts
economic policy
financial planning
opportunity cost
Questions to Reflect On
- How do taxes influence your investment choices?
- When is a savings account preferable to higher‑risk assets?
A Different Perspective
If taxes are low, the same logic may not apply.
![“Grover Norquist is a mean-spirited, humorless, dishonest little creep... an embarrassing anomaly, the leering, drunken uncle everyone else wishes would stay home... [He] is repulsive, granted, but there aren't nearly enough of him to start a purge trial.” quote by Tucker Carlson](https://sms4smile.com/quotes/img-quotes/93c/tucker-carlson-1798_anomalies_grover-norquist-is-a-mean-spirited-humor_1135074.jpg)
![“What [companies] are doing is they're leaving our country, and they're, believe it or not, leaving because taxes are too high and because some of them have lots of money outside of our country.” quote by Donald Trump](https://sms4smile.com/quotes/img-quotes/2a8/donald-trump-18_believe_what-companies-are-doing-is-they-re-leav_2097505.jpg)
