Warren Buffett Quotes

It is especially important to encourage unorthodox thinking when the situation is critical

I don’t think that politicians should use words like ‘global economic crisis’ because some times when you do, you make a crisis where there was none before.

I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.

I like my politicians and my judges and my lawyers to be simple. I think if you worry about where your hemline is you're really not concentrating on the world crisis.

When your house is burning down, you don't worry about the remodeling.

This is important! But you have to stay absolutely cool. I may be completely off-base, and panicking prematurely." "I don't think so. I think you're panicking post-maturely. In fact, if you were panicking any later it would be practically posthumously. I've been panicking for days.

The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.

In the midst of this enormous economic crisis, I think Canada has shown itself to be a pretty good manager of the financial system and the economy in ways that we always - haven't always been here in the United States.

Eisenhower admitted that the budget can't be balanced and McCarthy said the communists are taking over. You don't know what to worry about these days - whether the country will be overthrown or overdrawn.

I don't think that I need to tell you how important to the outcome of that race is the education legislation that is now before the Congress. I hope that it is important enough that most of you have studied it in detail. I hope that you understand that it represents the very best thinking that the leading educators of this country can produce.

So I don't worry about, and people shouldn't worry about a draft I think we're in good shape, I really do. And, if not, we'll - I'll address the nation. But I don't see any need to right now.

When you inherit the level of economic catastrophe that President Obama inherited, it was a real touch-and-go situation.

I'm not sure that the American people are looking for a lot of speeches. I think what they're looking for is action. But one of the things that I do think is important is to be able to explain to the American people what you're doing, and why you're doing it. That is something that I think every great president has been able to do. From FDR to Lincoln to John Kennedy to Eisenhower.

It is very easy to say that the important thing is to try your best, but if you are in real trouble the most important thing is not trying your best, but getting to safety.

The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.

I think the most important thing is to start with something that fits perfectly. Don't worry about having it in five colors.

If you were an elected member of Congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it's all the fault of Wall Street, you can't sit idly by and do nothing, but what you do is really important.

I think crisis starts with the government of Puerto Rico. It has to take measures to solve the fiscal problems that it has, which are very serious. It's very basic: it's the same thing that is happening in Washington.

At the same time we receive different signals all around that in fact, everything is fine. The same situation occurred with the previous administrations during the election campaigns, claims that everything will be restored later. I do not think it matches the level of responsibility shouldered by the United States. I suppose it should be more sound, calm and balanced.

Now that we've made that decision, everyone is thinking about the practical consequences and I think Theresa May could be the most challenging prime ministership since the Suez Crisis, possibly since the Second World War.

The IMF is a more complicated issue. I think there is a broad sentiment among both the left and the right that the IMF may be doing more harm than good. On the right, there's the view that it represents a form of corporate welfare that is counter to the IMF's own ideology of markets. But anybody who has watched government from the inside recognizes that governments need institutions, need ways to respond to crises. If the IMF weren't there, it would probably be reinvented. So the issue is fundamentally reform.

I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.

I don't think Donald Trump is an ideologue, so it's not really his policies that I think are going to maybe fire people up. It's his rhetoric and, you know, his willingness to wield power in a manner that can be potentially exploitative and dangerous.

I think, you know, we always tell candidates, show, don't tell, what you're all about. I think Hillary Clinton's speech was an important speech that people are going to look at and they're going to see not just the attacks on Donald Trump, but also her admission that maybe she'd been part of the polarization problem as well and she could do better.

When a candidate for public office faces the voters he does not face men of sense; he faces a mob of men whose chief distinguishing mark is the fact that they are quite incapable of weighing ideas, or even of comprehending any save the most elemental - men whose whole thinking is done in terms of emotion, and whose dominant emotion is dread of what they cannot understand. So confronted, the candidate must either bark with the pack or be lost... All the odds are on the man who is, intrinsically, the most devious and mediocre.