The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
Warren BuffettWe do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
Warren BuffettThe nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
Warren BuffettMr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
Warren BuffettThe banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Warren Buffett