"I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse."
Read quote
3 likes
Quote collection
Warren Buffett quotes (page 47 of 48)
959 quotes — follow a thought to its full quote page.
"There is no question we have an access stock."
Read quote
3 likes
"I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up."
Read quote
3 likes
"It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year."
Read quote
3 likes
"I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates)."
Read quote
3 likes
"We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation."
Read quote
3 likes
"You know, with your money and my brains, I mean, there's no telling how far we'd go."
Read quote
3 likes
"I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't."
Read quote
3 likes
"If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich."
Read quote
3 likes
"I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?"
Read quote
3 likes
"That's the reality of what they're going to sell them to the Treasury for."
Read quote
3 likes
"You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing."
Read quote
3 likes
"Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades."
Read quote
3 likes
"I've never been very fully employed either."
Read quote
3 likes
"The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were."
Read quote
3 likes
"When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling."
Read quote
3 likes
"We have a country where I don't know whether it's a million households a year or more, but good form."
Read quote
3 likes
"I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people."
Read quote
3 likes
"I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that."
Read quote
3 likes
"We've got more productive capacity now than we ever have."
Read quote
3 likes