Once you start doing something bad, then it's easy to take the next step - and in the end, you're a moral sewer.

I think there's something to be said for developing the disposition to own stocks without fretting.

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to spot problems at companies like Royal Dutch [Shell].

I won’t bet $100 against house odds between now and the grave.

Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.

Warren spends 70 hours a week thinking about investing .

We have a history when things are really horrible of wading in when no one else will.