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

More quotes by Warren Buffett

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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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If you don't make mistakes you can't make decisions.
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You should invest in a business that even a fool can run, because someday a fool will.
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Investing is laying out money now to get more money back in the future.
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You should invest like a Catholic marries: for life.
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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
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Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
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What we learn from history is that people don't learn from history.
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I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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The trick is, when there is nothing to do, do nothing.
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If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.
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Investment must be rational if you can't understand it, don't do it.
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Energy deregulation will be the largest transfer of wealth in history.
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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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I know the country works extremely well. You know, but when it isn't clogged up.
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We continue to make more money when snoring than when active.
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I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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