Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.

If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

At Berkshire Hathaway we do not like to compete against Chinese manufacturers.

You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.

It's been my experience in life if you just keep thinking and reading, you don't have to work.

We look for a horse with one chance in two of winning and which pays you three to one.

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.