Whoever makes you smarter a little earlier in life makes you better

You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.

Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.

[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.

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

Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you're going to be a great thinker.