It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
I have zero desire, just so you know, to be in the limelight. I don't think it's good for the country to have a former president criticize his successor. You're not going to see me giving my opinions in the public arena, until I start selling my book. I'm going to emerge then submerge.
No rocket will reach the moon save by a miraculous discovery of an explosive far more energetic than any known. And even if the requisite fuel were produced, it would still have to be shown that the rocket machine would operate at 459 degrees below zero-the temperature of interplanetary space.
How on earth can otherwise sensible people get so involved in a football game? You could measure the lasting impact on the lives of the people who played it at just about zero.
I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more
What is Truth? A difficult question; but I have solved it for myself by saying that it is what the "voice within" tells you. All that I can in true humility present to you is that Truth is not to be found by anybody who has not got an abundant sense of humility. If you would swim on the bosom of the ocean of Truth you must reduce yourself to zero.
Do you realize we've got 250 million years of coal? But coal has got environmental hazards to it, but there's-I'm convinced, and I know that we-technology can be developed so we can have zero-emissions coal-fired electricity plants.
A man who keeps company with glaciers comes to feel tolerably insignificiant by and by. The Alps and the glaciers together are able to take every bit of conceit out of a man and reduce his self-importance to zero if he will only remain within the influence of their sublime presence long enough to give it a fair and reasonable chance to do its work.
I think there is nothing wrong with instituting policies that say that harassment of any form, whether it comes through the Internet or whether it happens to you face to face, is unacceptable; that we've got zero tolerance when it comes to sexual harassment, we have zero tolerance when it comes to harassing people because of their sexual orientation, because of their race, because of their ethnicity.
I think if we have a policy of zero violence, it won't be met, but the policy of getting the Iraqis in the fight and marginalizing those who are trying to stir up trouble will be effective.
I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.