When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

I can't promise results, but I can promise a common destiny.

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

Never depend on single income. Make investment to create a second source.