You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.

Those of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes along as I do or a little and then a lot [when one dies] as Warrendoes is a matter of personal preference. I would hate to have people ask me for money all day long.

A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.

If (investing) weren't a little difficult, everybody would be rich.

Berkshireis in the business of making easy predictions If a deal looks too hard, the partners simply shelve it.

When you mix raisins and turds, you've still got turds.

Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.