"At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week."

8 likes

Source: Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime. Charlie Rose, www.cnbc.com. October 1, 2008.

About the author

Warren Buffett

Investor, Businessman

Warren Buffett is a renowned investor and philanthropist known for his value investing philosophy and leadership at Berkshire Hathaway.

All quotes by Warren Buffett →

Same author

More quotes by Warren Buffett

See all →
Warren Buffett Investor, Businessman

"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."

Read quote
Warren Buffett Investor, Businessman

"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."

Read quote