Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
More Quotes from Warren Buffett:It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Right now, the rest of the world owns 3 trillion US more of us than we own of them.
We enjoy the process far more than the proceeds.
The investor of today does not profit from yesterday's growth.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
I think it is a marvelous way to keep directors' interests and shareholders interests as closely aligned as possible, with both an upside and a downside component. Too often, people talk about interests being aligned when the directors get the upside and shareholders get the downside.
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He that is rich is wise.
What kind of government is this? This is a human being. This is not right, and I'm telling everybody you better call your congressman, because they're going to run your life.
We acquire the strength we have overcome.
Ralph Waldo Emerson