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"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."
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"It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it."
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Explore more quotes by Warren Buffett
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
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"Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time."
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"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
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"In the business world, the rearview mirror is always clearer than the windshield."
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"I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board."
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"Price is what you pay. Value is what you get."
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"Your premium brand had better be delivering something special, or it's not going to get the business."
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"Our favorite holding period is forever."
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"We're still in a recession. We're not gonna be out of it for a while, but we will get out."
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