The average result has to be the average result. By definition, everybody can't beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That's just the way it is.

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

We get these questions a lot from the enterprising young. It's a very intelligent question: You look at some old guy who's rich and you ask, 'How can I become like you, except faster?'

Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

It's very useful to have a good grasp of all the big ideas in hard and soft science. A, it gives perspective. B, it gives a way for you to organize and file away experience in your head, so to speak.

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.

When I run into a paradox I think either I'm a total horse's ass to have gotten to this point, or I'm fruitfully near the edge of my discipline. It adds excitement to life to wonder which it is.