"I think the most important factor in..." - Quote by Warren Buffett
I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
More by Warren Buffett
“What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?”
“You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.”
“Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.”
More on Economy
“Those who make their living by collecting taxes cause the people to starve; when the people starve, the tax collectors, having no one to tax, starve also”
“No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.”
“Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise.”
More on Capitalism
“Society, community, family are all conserving institutions. They try to maintain stability and to prevent, or at least slow down, change. But the organization of the post-capitalist society of organizations is a destabilizer. Because its function is to put knowledge to work - on tools, processes, and products; on work; on knowledge itself - it must be organized for constant change.”
“There are too few rich and too few profits.”
“While the miser is merely a capitalist gone mad, the capitalist is a rational miser.”