---
title: "29 Assets Quotes By Warren Buffett"
description: "29 Assets quotes by Warren Buffett. Plus more from Warren Buffett and more Assets sayings from other authors."
image: "https://sms4smile.com/quotes/i/171/warren-buffett-183_assets_the-dominant-factors-affecting-control-v_2694671.png"
---

> [The dominant factors affecting control valuations are earning power (past and prospective) and asset values.](https://sms4smile.com/quotes/warren-buffett/the-dominant-factors-affecting-control-valuations-are-earning-power/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/171/warren-buffett-183_assets_the-dominant-factors-affecting-control-v_2694671.png)

> [Invest in as much of yourself as you can, you are your own biggest asset by far.](https://sms4smile.com/quotes/warren-buffett/invest-in-as-much-of-yourself-as-you-can-you-are-your-own-biggest/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/551/warren-buffett-183_asset_invest-in-as-much-of-yourself-as-you-can_854573.png)

> [Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very…](https://sms4smile.com/quotes/warren-buffett/interest-rates-are-to-asset-prices-what-gravity-is-to-the-apple-when/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/3b4/warren-buffett-183_apples_interest-rates-are-to-asset-prices-what_2196875.png)

> [Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can…](https://sms4smile.com/quotes/warren-buffett/why-not-invest-your-assets-in-the-companies-you-really-like-as-mae/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/4f7/warren-buffett-183_assets_why-not-invest-your-assets-in-the-compan_2615691.png)

> [The best asset is your own self. You can become to an enormous degree the person you want to be](https://sms4smile.com/quotes/warren-buffett/the-best-asset-is-your-own-self-you-can-become-to-an-enormous-degree/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/4bc/warren-buffett-183_asset_the-best-asset-is-your-own-self-you-can_271160.jpg)

> [Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans…](https://sms4smile.com/quotes/warren-buffett/resolution-trust-company-was-set-up-to-liquidate-a-bunch-of-assets-2/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/79f/warren-buffett-183_assets_resolution-trust-company-was-set-up-to-l_2748783.png)

> [Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of…](https://sms4smile.com/quotes/warren-buffett/asset-heavy-businesses-generally-earn-low-rates-of-return-rates-that/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/7de/warren-buffett-183_acquisition_asset-heavy-businesses-generally-earn-lo_2066250.jpg)

> [We do not view the company itself as the ultimate owner of our business assets but instead view the company as a…](https://sms4smile.com/quotes/warren-buffett/we-do-not-view-the-company-itself-as-the-ultimate-owner-of-our/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/9d7/warren-buffett-183_assets_we-do-not-view-the-company-itself-as-the_3013917.png)

> [Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting,…](https://sms4smile.com/quotes/warren-buffett/too-often-a-vast-collection-of-possessions-ends-up-possessing-its/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/372/warren-buffett-183_assets_too-often-a-vast-collection-of-possessio_1396407.png)

> [If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one…](https://sms4smile.com/quotes/warren-buffett/if-you-don-t-feel-comfortable-making-a-rough-estimate-of-the-asset-s/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/77d/warren-buffett-183_ability_if-you-don-t-feel-comfortable-making-a-r_765921.jpg)

> [Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which…](https://sms4smile.com/quotes/warren-buffett/asset-values-and-earning-power-are-the-dominant-factors-affecting-the/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/2be/warren-buffett-183_assets_asset-values-and-earning-power-are-the-d_390410.png)

> [Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually…](https://sms4smile.com/quotes/warren-buffett/today-people-who-hold-cash-equivalents-feel-comfortable-they-shouldn/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/04b/warren-buffett-183_assets_today-people-who-hold-cash-equivalents-f_1722304.png)

> [My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as…](https://sms4smile.com/quotes/warren-buffett/my-net-worth-is-the-market-value-of-holdings-less-the-tax-payable/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/7f2/warren-buffett-183_action_my-net-worth-is-the-market-value-of-hold_679305.jpg)

> [If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on…](https://sms4smile.com/quotes/warren-buffett/if-you-re-an-investor-you-re-looking-on-what-the-asset-is-going-to-do/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/172/warren-buffett-183_assets_if-you-re-an-investor-you-re-looking-on_875287.jpg)

> [I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be…](https://sms4smile.com/quotes/warren-buffett/i-mean-you-can-explain-the-fact-that-these-are-depressed-prices-you/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/df6/warren-buffett-183_assets_i-mean-you-can-explain-the-fact-that-the_2812419.png)

> [ \[The U.S. Treasury\] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more… ](https://sms4smile.com/quotes/warren-buffett/the-u-s-treasury-can-borrow-basically-unlimited-amounts-they-can-stay/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/a2a/warren-buffett-183_amount_the-u-s-treasury-can-borrow-basically-un_2051464.jpg)

> [Who would think of buying or selling a private business because of someone's guess on the stock market? The availability of a…](https://sms4smile.com/quotes/warren-buffett/who-would-think-of-buying-or-selling-a-private-business-because-of/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/ca5/warren-buffett-183_aberration_who-would-think-of-buying-or-selling-a-p_1495059.jpg)

> [And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really…](https://sms4smile.com/quotes/warren-buffett/and-people-really-behaved-in-a-fraudulent-way-or-something-we-ll-go/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/eff/warren-buffett-183_assets_and-people-really-behaved-in-a-fraudulen_1670063.jpg)

> [The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-investment-you-can-make-is-in-yourself-very-few/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/b0a/warren-buffett-183_assets_the-most-important-investment-you-can-ma_1365229.png)

> [The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper…](https://sms4smile.com/quotes/warren-buffett/the-major-asset-in-this-category-is-gold-currently-a-huge-favorite-of/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/fb3/warren-buffett-183_assets_the-major-asset-in-this-category-is-gold_1879141.jpg)

> [Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it…](https://sms4smile.com/quotes/warren-buffett/generally-speaking-investing-in-yourself-is-the-best-thing-you-can-do/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/739/warren-buffett-183_all-kinds_generally-speaking-investing-in-yourself_2254203.png)

> [That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to…](https://sms4smile.com/quotes/warren-buffett/that-s-been-lost-it-s-a-huge-problem-what-you-have-is-you-have-the/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/694/warren-buffett-183_assets_that-s-been-lost-it-s-a-huge-problem-wha_3225979.jpg)

> [You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer…](https://sms4smile.com/quotes/warren-buffett/you-have-hedge-funds-and-people-like-that-buying-these-assets-to/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/16d/warren-buffett-183_assets_you-have-hedge-funds-and-people-like-tha_919164.jpg)

> [We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean,…](https://sms4smile.com/quotes/warren-buffett/we-need-to-throw-the-resources-at-this-that-are-necessary-but-like-i/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/94e/warren-buffett-183_assets_we-need-to-throw-the-resources-at-this-t_2335943.png)

> [The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry -…](https://sms4smile.com/quotes/warren-buffett/the-banking-business-is-no-favorite-of-ours-when-assets-are-twenty/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/115/warren-buffett-183_assets_the-banking-business-is-no-favorite-of-o_1581969.png)

> [A home is one of the most important assets that most people will ever buy. Homes are also where memories are made…](https://sms4smile.com/quotes/warren-buffett/a-home-is-one-of-the-most-important-assets-that-most-people-will-ever/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/954/warren-buffett-183_assets_a-home-is-one-of-the-most-important-asse_2512126.png)

> [...I will give you two pieces of advice. Invest as much in yourself as you can; you are your own best asset…](https://sms4smile.com/quotes/warren-buffett/i-will-give-you-two-pieces-of-advice-invest-as-much-in-yourself-as/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/0ec/warren-buffett-183_advice_i-will-give-you-two-pieces-of-advice-inv_643395.png)

> [When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government…](https://sms4smile.com/quotes/warren-buffett/when-berkshire-hathaway-laid-out-three-billion-dollars-for-ge-today/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/a1a/warren-buffett-183_assets_when-berkshire-hathaway-laid-out-three-b_1579977.png)

> [ That would be nice if \[people\] stuck \[treasury bills\] all under a mattress, but they got to buy something with them. Sometimes… ](https://sms4smile.com/quotes/warren-buffett/that-would-be-nice-if-people-stuck-treasury-bills-all-under-a/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/ba1/warren-buffett-183_all-kinds_that-would-be-nice-if-people-stuck-treas_2128493.jpg)

## Other authors on Assets

## More by Warren Buffett

> [To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

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                        "text": "The best asset is your own self. You can become to an enormous degree the person you want to be",
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                        "text": "Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.",
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                        "@type": "Quotation",
                        "text": "Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses",
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                        "text": "We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.",
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                        "text": "Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.",
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                        "text": "If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.",
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                        "@type": "Quotation",
                        "text": "Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.",
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                        "text": "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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                        "text": "My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.",
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                        "text": "If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.",
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                        "text": "I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.",
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                        "text": "[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.",
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                        "text": "Who would think of buying or selling a private business because of someone's guess on the stock market? The availability of a quotation for your business interest (stock) should always be an asset to be utilized if desired. If it gets silly enough in either direction, you take advantage of it. Its availability should never be turned into a livability whereby its periodic aberrations in turn formulate your judgements.",
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                        "text": "And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.",
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                        "text": "The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.",
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                        "text": "The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.",
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                        "text": "Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.",
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                        "text": "That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.",
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                        "text": "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.",
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                        "text": "We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.",
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                        "text": "The 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.",
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                        "text": "A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.",
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                        "text": "...I will give you two pieces of advice. Invest as much in yourself as you can; you are your own best asset by far. Then follow your passion; you want to be really excited to get out of bed every morning.",
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                        "text": "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.",
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                        "text": "That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes they buy a treasury note, sometimes they set up sovereign wealth funds. They can do all kinds of things. They can buy our companies here. As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.",
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