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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
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People
Private
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Wells

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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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I lose confidence in other people, all kinds of institutions.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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It's a big mistake to try and mislead people. They will turn around.
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I get to do what I like to do every single day of the year.
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I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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