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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Well
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Rescuing
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Sector
Thinking
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People
Private
Probably
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Wells

More quotes by Warren Buffett

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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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Investing is forgoing consumption now in order to have the ability to consume more at a later date.
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I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
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We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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Activity is the enemy of investment returns.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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I don't like what's going on with the executive compensation.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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I think confidence will come back.
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Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
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Possessing a powerful worldwide brand is essential for sustained success.
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The extraordinary business does not require good management.
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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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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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