The best thing a human being can do is to help another human being know more.

Someone will always be getting richer faster than you. This is not a tragedy.

Don't do cocaine. Don't race trains. And avoid AIDS situations.

The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people get status, etc. - it's impossible to get it back into the bottle.

If the same family were always on the bottom, then you'd have big resentments. But if DuPonts go down and Pampered Chef up, [that's good]. That much churn makes people think the system is fairer. Buffett: We don't like churn now, but we liked it more 30-40 years ago.

Well in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to do it again." And we cashier them. It would be evil not to, because terrible behavior spreads.

I think liberal art faculties at major universities have views that are not very sound, at least on public policy issues - they may know a lot of French however.