We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Warren BuffettWhatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Warren BuffettWould you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
Warren BuffettAnd people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.
Warren Buffett