Said Glenn Hubbard to Warren Buffett according to John Byrne

I think people who go out and create wealth are a noble thing.

“One of his points was, ‘I invest better than you and so I want to hold the money.’

“And I said, ‘Well I have a great deal for you, Warren. Just give me stock. I won’t sell it. I will hold it.’

“He said, ‘You’re good but you’re not that good.’”

- from here