"In my view, [the trade deficit] will..." - Quote by Warren Buffett

“If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.”

“You know ... you keep doing the same things and you keep getting the same result over and over again.”

“Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.”

“I imagine you already know that I am much more socialistic in my economic theory than capitalistic. And yet I am not so opposed to capitalism that I have failed to see its relative merits. It started out with a noble and high motive, to block the trade monopolies of nobles, but like most human systems it falls victim to the very thing it was revolting against. So today capitalism has outlived its usefulness. It has brought about a system that takes necessities from the masses to give luxuries to the classes.”

“Trade unionism is not socialism. It is the capitalism of the proletariat.”

“Socialism is a wonderful idea. It is only as a reality that it has been disastrous. Among people of every race, color, and creed, all around the world, socialism has led to hunger in countries that used to have surplus food to export.... Nevertheless, for many of those who deal primarily in ideas, socialism remains an attractive idea -- in fact, seductive. Its every failure is explained away as due to the inadequacies of particular leaders.”

“As I reflect back on what's worked for me in this [presidential] office it's been that I've gotten people who maybe didn't believe in the process to get engaged. Ironically, I've even gotten the other side that maybe didn't believe in the process to get engaged.”

“Lenin was sent into Russia by the Germans in the same way that you might send a phial containing a culture of typhoid or cholera to be poured into the water supply of a great city, and it worked with amazing accuracy.”

“If voting changed anything, it would be illegal.”