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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.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Fact
Treasury
Facts
Earn
Next
Bills
Give
Seven
Back
Percent
Giving
Trust
People
Week
Point

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When it's raining gold, reach for a bucket, not a thimble.
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In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
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Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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In the insurance business, there is no statute of limitation on stupidity.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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You don't want 300 million Americans putting their money under the mattress.
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
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When you combine ignorance and leverage, you get some pretty interesting results.
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Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
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The smarter the journalists are, the better off society is.
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You can't produce a baby in one month by getting nine women pregnant.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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Continually challenge and be willing to amend your best loved ideas.
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