But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
Warren BuffettI insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Warren BuffettWhether weโre talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren BuffettI just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Warren Buffett