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

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.

We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value.

A director who gets $150,000 per year from a company and needs the money is not independent.

If you want to understand science, you have to understand math. In business, if you're enumerate, you're going to be a klutz. The good thing about business is that you don't have to know any higher math.

How you behave in one place, will help in surprising ways later.

The investment game is getting more and more competitive.