We don't train executives, we find them. If a mountain stands up like Everest, you don't have to be a genius to figure out that it's a high mountain.

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

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

A great business at a fair price is superior to a fair business at a great price.

It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

Being rational is a moral Imperative. You should never be stupider than you need to be.

You want to deliver to the world what you would buy if you were on the other end.