I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.

You could be somewhere where the mail was delayed three weeks and do just fine investing.

If book knowledge made great investors, than the librarians would all be rich.

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.

I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

I think confidence will come back.