Those of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes along as I do or a little and then a lot [when one dies] as Warrendoes is a matter of personal preference. I would hate to have people ask me for money all day long.

The ethos of not fooling yourself is one of the best you could possibly have. It's powerful because it's so rare.

...by regularly reading business newspaper and magazines I am exposed to an enormous amount of material at the micro level.. I find that what I see going on there pretty much informs me about what's happening at the macro level.

It’s not greed that drives the world, but envy.

I think liberal art faculties at major universities have views that are not very sound, at least on public policy issues - they may know a lot of French however.

Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities.

When it gets into these spikes, with shortages and uproar and so forth, people go bananas, but that's capitalism.