Quote

When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Things
Residential
Estate
Estates
Motion
Started
Crazy
Went
Dominoes
Real
Toppling

More quotes by Warren Buffett

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We will reject interesting opportunities rather than over-leverage our balance sheet.
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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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If you don't know jewelry, know the jeweler.
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Don't invest in pieces of papers (stocks), invest in great businesses underlying them
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
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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 am a better investor because I am a businessman, and a better businessman because I am no investor.
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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.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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What's nice about investing is you don't have to swing at every pitch.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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We don't read other people's opinions. We want to get the facts, and then think.
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Never invest in a business you can't understand
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.
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