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

Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best.

We look for a horse with one chance in two of winning and which pays you three to one.

You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.

I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warrenhas always been very open about what he's learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I could be independent, and so I could do other things like give talks on the intersection of psychology and economics. I didn't want to turn it into a total obsession.

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none, zero. You'd be amazed at how much Warren reads - at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.

People always underestimate the ability of earth to increase its carrying capacity.