One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades.

There must be some wisdom in the folk saying: Its the strong swimmers who drown.

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business

At Berkshire Hathaway we do not like to compete against Chinese manufacturers.

I think corporate managers should learn to be better investors because it would make them better managers.

No CEO examining books today understands what the hell is going on.

There are always people who will be better at some thing than you are.