Any time I can be of help to the government in terms of giving advice -I've given a little advice, actually.
Howard Warren BuffettYou could have these crazy Internet valuations in the late 1990s, but they prove themselves out in the market. The next day they were selling for more than they were the day before, and people said, you know, you're crazy if you don't get in on this. So it's very human.
Howard Warren BuffettPeople love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.
Howard Warren BuffettI think it's terrible for people in effect to say that income from investment should be taxed at a much lower rate than income from labor.
Howard Warren BuffettI want our pie to grow all the people, but if some other guy's pie is growing a little faster, that's terrific.
Howard Warren BuffettResolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke. So the savings and loans went broke, the government stepped in, paid off depositors, and now they're left with this mass of assets to sell. We're not talking about selling here, we're talking about buying intelligently. They were selling what they got handed to them by a bunch of savings and loan operators that had in many cases had done some very dumb thing. But their job was to liquidate it. And they liquidated.
Howard Warren Buffett