"The worst investment you can have is cash. Cash is going to become worth less over time. Cash is a bad investment over time."
"Charlie and I will continue our search for large equity investments or, better yet, a really major business acquisition that would absorb our liquid assets. Currently, however, we see nothing on the horizon."
"There will be some incident, it could be tomorrow. Cash at that time is like oxygen. When you don't need it, you don't notice it. When you do need it, it's the only thing you need." Buffett