Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“You've got the right - you've got a wonderful person with Sheila Bair, most of the viewers have never heard of Sheila Bair. [She] has taken eight percent of the deposits in the United States and seamlessly moved those over to sound institutions which in turn have gotten more capital, ended up, it's been a magnificent job.She'll never get a golden parachute or any severance pay or anything. She's done a great job. We've got some great public servants. We have I think the right people in there to get the job done, and then they need more tools.”

Quote by Warren Buffett

Author

Warren Buffett, born on August 30, 1930, is a renowned investor. Known as the 'Oracle of Omaha,' he is the chairman and CEO of Berkshire Hathaway, a diversified holding company involved in insurance, railroads, energy, finance, and more. Buffett's investment philosophy emphasizes value investing, and he is known for his long-term investment and stable investment strategies. more

You May Also Like

“You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.”

People Trying Mean Percent Buying Fund Yield Assets Buyers Hedge Fund

Author:Warren Buffett

“The U.S. Treasury has got borrowing costs like nobody else has.”

Cost Borrowing Treasury

Author:Warren Buffett

“[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.”

Ifs Years Government Happens Months Amount Cost Institutions Sells Dollars Bunch Making Money Related Assets Cents More Money Unlimited Mortgage Borrowing Treasury Buyers

Author:Warren Buffett

“The reason I did fashion was it was the only way to get paid to do anything creative. You couldn't support yourself as an 'artist' - I hate that word. The only way you could be 'arty' was as a fashion photographer, because it still had a certain amount of integrity involved.”

Way Stills Reason Artist Certain Hate Support Creative Fashion Amount Involved Integrity I Hate Paid Photographer

Author:David Bailey

“If I got a chance to take one percent of the deal either way, I would make that bet.”

Ifs Way Chance Deals Percent

Author:Warren Buffett

“When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.”

Ifs Kind Government Today Together Three Stuff Millions Type Dollars Investing Spending Billions Buying Assets Distress Federal Government Mortgage

Author:Warren Buffett

“You know, with your money and my brains, I mean, there's no telling how far we'd go.”

Knows Mean Brain

Author:Warren Buffett

“I'll take the deal, whatever you want to do.”

Author:Warren Buffett

“I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?”

People Mean America Term Deals Example Alternatives

Author:Warren Buffett

“We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.”

Thinking Wells Government Roles Couple Institutions Federal Government

Author:Warren Buffett