I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."

Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.

Larger sums may be an advantage at some cases and a disadvantage at others.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.