"The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce."
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Quote collection
Warren Buffett quotes (page 48 of 48)
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"The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy."
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"It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with."
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"I did not think I would see the day when, you know, an AIG would not be able to have its checks clear."
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"I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down."
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"If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody."
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"If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things."
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"They [Goverment] take from the woman who comes in and takes the wastebaskets out."
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"I know that Congress will do the right thing."
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"I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity."
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"The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again."
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"The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am."
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"It's a big mistake to try and mislead people. They will turn around."
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"I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth."
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"I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me."
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"We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes."
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"I don't like what's going on with the executive compensation."
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"I don't think you can have a better secretary of the Treasury than Hank Paulson."
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"I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street."
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