The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren BuffettThere's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
Warren BuffettThe line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.
Warren Buffett