In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
Warren BuffettBull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
Warren BuffettIt's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
Warren BuffettI would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.
Warren Buffett