Famous Quotes from 2009 Annual Meeting

1. "We've been through a financial Pearl Harbor. The system nearly collapsed."

2. "Treasury and Fed acted boldly. Without them, it would have been worse."

3. "We didn't panic. We kept investing."

4. "We had cash when others needed it. That's when opportunities appear."

5. "Be fearful when others are greedy, and greedy when others are fearful."

6. "We invested in Goldman because they had the best franchise in the world."

7. "For the first time in my life, great businesses were available at ridiculous prices."

8. "Derivatives are weapons of mass financial destruction."

9. "They're like weapons that can detonate anywhere in the system."

10. "Too much leverage everywhere. People forgot about risk."

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Source: 2009_Annual_Meeting.md