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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
Next
Bills
Give
Seven
Back
Percent
Giving
Trust
People
Week
Point
Fact
Treasury
Facts
Earn

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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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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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The secret to happiness is having low expectations.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
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Traditional wisdom is long on tradition and short on wisdom.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
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There is no question we have an access stock.
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Be brave when others are afraid, and afraid when others are brave.
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The smartest side to take in a bidding war is the losing side.
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Uncertainty is the friend of the buyer of long term values.
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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
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I've never been very fully employed either.
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The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
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We've got a wonderful economic formula in this country.
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It is easier to rationalize than it is to be rational.
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