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Let every book-worm, when in any fragrant, scarce old tome, he discovers a sentence, a story, an illustration, that does his heart good, hasten to give it the widest circulation that newspapers and magazines, penny and halfpenny, can afford.

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Howard Warren Buffett

As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started. I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.

Animal, Bulbs, Crazy, Mean, Stocks, Uranium
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When the Federal government buys the mortgages, they're not spending it, they're investing it.

Federal, Government, Investing, Mortgage, Spending

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing.

Corp, Crazy, Jesse, Thinking, Would Be

Any time I can be of help to the government in terms of giving advice -I've given a little advice, actually.

Actually, Advice, Giving, Government, Terms, Time

You can go back to tulip bulbs in Holland 400 years ago. The human beings going through combinations of fear and greed and all of that sort of thing, their behavior can lead to bubbles. And it may have had and Internet bubble at one time, you've had a farm bubble, farmland bubble in the Midwest which resulted in all kinds of tragedy in the early '80s.

Behavior, Greed, Sort, Tragedy, Years

The good thing is, we have household formation in this country. We have a country where I don't know whether it's a million households a year or more, but good form.

Country, Good Things, Know, Thing, Years
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