It's a good habit to trumpet your failures and be quiet about your successes.

If (investing) weren't a little difficult, everybody would be rich.

A lot of people think if you just had more process and more compliance -- checks and doublechecks and so forth -- you could create a better result in the world. Well, Berkshire has had practically no process. We had hardly any internal auditing until they forced it on us. We just try to operate in a seamless web of deserved trust and be careful whom we trust.

Wall Street has too much wealth and political power.

The harder you work, the more confidence you get. But you may be working hard on something that is false.

We don't claim to have perfect morals, but at least we have a huge area of things that, while legal, are beneath us. We won't do them. Currently, there's a culture in Americathat says that anything that won't send you to prison is OK.

An idea or a fact is not worth more merely because it's more available to you.