Berkshire's past record has been almost ridiculous. If Berkshirehad used even half the leverage of, say, Rupert Murdoch, it would be five times its current size.

Is there such thing as a cheerful pessimist? That's what I am.

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

A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.