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I`m very cautious and very concerned about what I have initially seen, but I also believe we`ve got to organize like we have never organized before. We talk about it, but realistically, we`ve got to organize at the grassroots level.

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Howard Warren Buffett

We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible things happen. But something about the American system unleashed more and of a potential to human beings over that hundred years so that we had a seven for one improvement in - there's never been any - I mean, you have centuries where if you've got a 1 percent improvement, then it's something. So we've got a great system. And we've got more productive capacity now than we ever have.

Centuries, Mean, Percent, Two, War
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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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