Expect hogs to eat a lot more in the presence of a lot of hog wash.
We have found in a long life that one competitor is frequently enough to ruin a business.
See's candy company was the first high-quality business we ever bought.
It's not the bad ideas that do you in, but the good ones.
Once you get into debt, itโs hell to get out. Donโt let credit card debt carry over. You canโt get ahead paying eighteen percent.
I think the foundation at Berkshire [Buffett's stake in Berkshirewill pass to the Buffett Foundation upon his death] will be a plus because there will be a continuation of the culture. We'd still take in fine businesses run by people who love them.