The Next Big Crash - Are You Prepared?

[freedom]

Side qn: So how come Warren Buffett focuses more on capital gains than dividends? Is it because USA has tax on dividends so focusing more on growth is better in the long run?

It is much safer to buy a good growth company cheaply or fairly. The growth will compensate the risk you are taking.

the difficulty in it is to discover a good growth company.

this is the opposite of the value trap, because nothing can trap a growth company(as its earning grows, its value grows. If not, someone will come in and buy it over. it mostly applies in US. In local context, growth companies can be trap as well, as the owners might not share the wealth the company creates).