We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.

Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.

We've got all the ingredients for a sensational future.

I buy expensive suits - they just look cheap on me.