When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
Warren BuffettThe nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
Warren BuffettWe say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.
Warren BuffettAt this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
Warren BuffettIf some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.
Warren Buffett