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Warren Buffett’s Blog

I'll fix the financial crisis if somebody will fix my toaster oven

By Warren Buffett

When you get to be my age, you'll understand what I mean when I say, "sleep is the new sex."

All I want is to be able to do is heat up a hot pocket in the toaster oven I got for opening a savings account at the Omaha Mutual Five Cent Savings Bank back in 1962, turn on Hollywood Squares to see if any contestants have died since they taped the show, then take a nap. Is that too much to ask?

But no--the toaster oven's always on the fritz and the world's going to hell because a bunch of Wall Street types were trying to become as rich as me by packaging mortgage loans to people they found sitting on the sidewalk asking for spare change. It isn't hard to look like a financial genius with dingbats like that running around.

So all of a sudden, I've got a line of panhandlers out my door and down the block. Goldman Sachs, some guy I went to high school with, Henry Paulson, the Secretary of the Treasury of the United States--

10/1/2008 10:24 AM, Omaha, Nebraska
2 comments

More like market adjustment day

By Warren Buffett

Bio & Blog

We are back to work after America has taken a so-called “Labor Day” off. Now, where I come from, every day except Sunday is a day of labor.

The nonsensical practice of calling a day of rest “Labor Day” is an example of how the entire concept of labor is overblown and outdated in the current economy. Labor, the only marketable asset for the majority of Americans, should not be commemorated with idleness. If the American worker really wanted to celebrate the market impact of his or her labor, he or she wouldn’t be spending the day eating hamburgers and guzzling beer while hard-working Chinese laborers are spending the day increasing their market value.

9/4/2007 6:45 PM, Omaha
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