Those who will not face improvements because they are changes, will face changes that are not improvements.

Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so it isn't because of large holdings. It's because we have a really unusual shareholder body that thinks of itself as owners and not holders of little pieces of paper.

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.

Since those don’t hit financial reports, the opportunities you had but didn’t accept, most people don’t bother thinking about them very much. At least that is a mistake we don’t make. We rub our own noses in our mistakes in blowing opportunities, as we just did.

The liabilities are always 100 percent good. It's the assets you have to worry about.

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.

I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.