Be Fearful When The Markets

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 Ignored.

There's Nothing Inappropriate About Having Debt In America. It's What Helped Us Grow Over Time. And It's When Debt Gets Out Of Control That You Worry.

We Have Embraced The 21st Century By Entering Such Cutting-edge Industries As Brick, Carpet, Insulation And Paint. Try To Control Your Excitement.

Over The Years, Charlie [munger, Berkshire Hathaway Vice Chairman] And I Have Observed Many Accounting-based Frauds Of Staggering Size. Few Of The Perpetrators Have Been Punished; Many Have Not Even Been Censured. It Has Been Far Safer To Steal Large Sums With Pen Than Small Sums With A Gun.

You've Got The Right - You've Got A Wonderful Person With Sheila Bair, Most Of The Viewers Have Never Heard Of Sheila Bair. [she] Has Taken Eight Percent Of The Deposits In The United States And Seamlessly Moved Those Over To Sound Institutions Which In Turn Have Gotten More Capital, Ended Up, It's Been A Magnificent Job.she'll Never Get A Golden Parachute Or Any Severance Pay Or Anything. She's Done A Great Job. We've Got Some Great Public Servants. We Have I Think The Right People In There To Get The Job Done, And Then They Need More Tools.