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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Might
Tough
Going
Nobody
Economy
Getting
Fall
Cliff
Doesn
Cliffs
Doe
Pass
Ever
Worse

More quotes by Warren Buffett

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We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.
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If knowing history made you rich, librarians would be billionaires.
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The only way to be loved is to be loveable, which really irritates me.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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I've never been very fully employed either.
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I always knew I was going to be rich. I don't think I ever doubted it for a minute.
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If you are a professional and have confidence, then I would advocate lots of concentration.
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The ability to say no is a tremendous advantage for an investor.
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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
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I buy expensive suits - they just look cheap on me.
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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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Never invest in a business you don't understand.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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Does management resist the institutional imperative?
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
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We will reject interesting opportunities rather than over-leverage our balance sheet.
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