It's human nature to extrapolate the recent past into the future, but it's terrible that managements go along with this.

Avoid working directly under somebody you don't admire and don't want to be like.

We only want what success we can get despite encouraging others to share our general view about reality.

I believe that we are at or near the apex of a great civilization... In 50-100 years, if we're a poor third to some countries in Asia, I wouldn't be surprised. If I had to bet, the part of the world that will do best will be Asia.

What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.

We're the tortoise that has outrun the hare because it chose the easy predictions.

We like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireoperating subsidiaries], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their businesses. Many have expressed to me how happy they are that they don't have to spend 25% of time on activities they didn't like.