"If you don't find a way to make money while you sleep, you will work until you die."
"And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place."
3 likes
About the author
Same author
More quotes by Warren Buffett
"Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two."
"The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn."
"Read 500 pages every day. That's how knowledge works. It builds up like compound interest."
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
"The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have."