You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
More Quotes from Warren Buffett:When you combine ignorance and leverage, you get some pretty interesting results.
Our favorite holding period is forever.
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.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
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I've never liked the press part of it (no offense), but it comes with the job.
When things haven't gone well for you, call in a secretary or a staff man and chew him out. You will sleep better and they will appreciate the attention.
Lyndon B. Johnson
Of all tasks of government the most basic is to protect its citizens against violence.
John Foster Dulles