Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
More Quotes from Warren Buffett:The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Only when the tide goes out do you discover who's been swimming naked.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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.
Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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And I got to know Red Foley well. And I got to know Lefty really well, he was a great guy.
Talent is always conscious of its own abundance, and does not object to sharing.