I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?
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 BuffettLike I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.
Warren BuffettRead Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
Warren BuffettYou should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
Warren Buffett