These costs are now being incurred in amounts that will cause shareholders to earn far less than they historically have.

Berkshire Hathaway will sell you insurance, carpeting or any of our other products in exchange for options identical to those you grant yourselves.

Over the years, our current businesses, in aggregate, should deliver modest growth in operating earnings. But they will not in themselves produce truly satisfactory gains. We will need major acquisitions to get that job done.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.