Derivatives are financial weapons of mass destruction.
More Quotes from Warren Buffett:Right now, the rest of the world owns 3 trillion US more of us than we own of them.
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
The war on terrorism can never be won.
The burden of paying Helpers may cause American equity investors, overall, to earn only 80 percent or so of what they would earn if they just sat still and listened to no one.
I recently sold a house in Laguna for 3.5 million. It was on about 2,000 square feet of land, maybe a twentieth of an acre, and the house might cost about 500,000 if you wanted to replace it. So the land sold for something like 60 million an acre.
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Never having alone time is real tough on people.
The test of good manners is to be patient with the bad ones.
Solomon Ibn Gabirol
I love to swim in the nude and roam around the house in the nude. You're just as free as a bird!