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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Going
Scare
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Save
Treasury
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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Problems in a company are like cockroaches in the kitchen. You will never find just one
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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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