Step by step you get ahead, but rarely in fast spurts.

The big money is not in the buying and selling ... but in the waiting.

I know just enough about thermodynamics to understand that if it takes too much fossil-fuel energy to create ethanol, that's a very stupid way to solve an energy problem.

Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you.

If mutual fund directors are independent, then I'm the lead character in the Bolshoi Ballet.

Recognize reality even when you don't like it-especially when you don't like it.

Berkshire's past record has been almost ridiculous. If Berkshirehad used even half the leverage of, say, Rupert Murdoch, it would be five times its current size.