I get flack for saying [when I visit a college and give a speech], "This is a nice college, but the really great educator is McDonald's." They hate me for saying this and think I'm a slimy creature. But McDonald's hires people with bad work habits, trains them, and teaches them to come to work on time and have good work habits. I think a lot of what goes on there is better than at Harvard.

I call myself the assistant cult leader.

When it gets into these spikes, with shortages and uproar and so forth, people go bananas, but that's capitalism.

If you can buy the best companies, over time the pricing takes care of itself.

You're not going to get very far in life based on what you already know. You're going to advance in life by what you're going to learn after you leave here.

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

A foreign correspondent, after talking to me for a while, once said: "You don't seem smart enough to be so good at what you're doing. Do you have an explanation?"