Warren Buffett Quotes

I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

Uncertainty is killing this economy.

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a panic is when you have no belt to tighten and your pants fall down.

I was asked what I thought about the recession. I thought about it and decided not to take part.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

How much would you pay to avoid a second Depression?

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

I think that this is the most significant financial crisis in the post-War period for the United States, and it has in fact a global reach.... I think it is extraordinarily important to understand that, as we have seen in many previous examples of different countries and different times, choking up of credit is like taking the lifeblood away from the economy.

I don't think there will be a recession as a result of a vote to leave.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

California's economy is declining so rapidly that candidates are asking 'Are you better off now then you were four minutes ago?'

So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.

The economic times we are facing... are arguably the worst they've been in 60 years. And I think it's going to be more profound and long-lasting than people thought.

I've never seen people as physically distraught as the Bush administration team was because of what was happening to the economy. I personally believe that the steps that President Obama took saved the economy. He doesn't get the credit he deserves for taking some very hard positions. But it was a terrible recession. So now we've dug ourselves out of it, we're standing, but we're not yet running.

Republicans don't like people to talk about depressions. You can hardly blame them for that. You remember the old saying: Don't talk about rope in the house where somebody has been hanged.

What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional notions of prudence and sound policy aside.

Economic markets are collapsing. People all over the world are suffering and people afraid. What happens when peep are afraid? They become intolerant.

Today we have the economic collapse that the whole planet is suffering, but there is hope, and that's what's going to keep us moving ahead.

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

Wall Street is in trouble because Main Street is broke.

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.