You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
We enjoy the process far more than the proceeds.
The investor of today does not profit from yesterday's growth.
There seems to be some perverse human characteristic that likes to make easy things difficult.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Risk comes from not knowing what you're doing.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
A public-opinion poll is no substitute for thought.
I buy expensive suits. They just look cheap on me.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Someone is sitting in the shade today because someone planted a tree a long time ago.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
Time is the friend of the wonderful company, the enemy of the mediocre.
Your premium brand had better be delivering something special, or it's not going to get the business.
Wide diversification is only required when investors do not understand what they are doing.
Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Price is what you pay. Value is what you get.
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.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.
If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.