All over the world there are enormous numbers of smart, even gifted, people who harbor a passion for science. But that passion is unrequited. Surveys suggest that some 95% of Americans are "scientifically illiterate." That's...the same fraction...of slaves who were illiterate before the Civil War.
I thought Brittany Packnett, who was one of the Ferguson activists, really interesting, smart young lady, really impressive - you might want to talk with her. So she was one of the organizers of the Ferguson movement, ended up joining our task force. She came in here and she just knew her stuff.
I was raised by a single mom who had to put herself through school while looking after two kids. And she worked hard every day and made a lot of sacrifices to make sure we got everything we needed. My grandmother, she started off as a secretary in a bank. She never got a college education, even though she was smart as a whip. And she worked her way up to become a vice president of a local bank, but she hit the glass ceiling. She trained people who would end up becoming her bosses during the course of her career.
Today, about 40 percent of America's carbon pollution comes from our power plants. There are no federal limits to the amount those plants can pump into the air. None. We limit the amount of toxic chemicals like mercury, and sulfur, and arsenic in our air and water, but power plants can dump as much carbon pollution into our atmosphere as they want. It's not smart, it's not right, it's not safe, and I determined it needs to stop.
I got a lot of Ph.D.-types and smart people around me who come into the Oval Office and say, 'Mr. President, here's what's on my mind.' And I listen carefully to their advice. But having gathered the device, I decide, you know, I say, 'This is what we're going to do.'
Africa needs help, no question about that but I'd rather prefer that the money is channeled. That's what I call smart aid; it's channeled through African civil society groups. These are the groups which can be held more accountable. These are the groups which will sort of monitor how the aid money is spent.
Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.