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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
May
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The value of a business is the cash it's going to produce in the future.
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A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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What we learn from history is that people don't learn from history.
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When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
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