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

Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.

We’re partial to putting out large amounts of money where we won’t have to make another decision.

Intense interest in any subject is indispensable if you're really going to excel in it.

The quality of the medical care delivered, including the pharmaceutical industry, has improved a lot. I don't think it's crazy for a rich country like the USto spend 15% of GDP on healthcare, and if it rose to 16-17%, it's not a big worry.

One of the smartest things a person can do is dampen investment expectations, especially with Berkshire. That would be mature and responsible. I like our model and we should do nicely

If it happens every year like clockwork, what's so extraordinary about it?