In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Warren BuffettThe patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
Warren BuffettFund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."
Warren BuffettI did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
Warren Buffett