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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.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Think
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Liquidity
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More quotes by Warren Buffett

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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
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This economy doesn't work well without the lubrication of credit and trust.
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There is no question we have an access stock.
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The Stock Market is designed to transfer money from the Active to the Patient.
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We continue to make more money when snoring than when active.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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