Financial institutions make us nervous when they're trying to do well.

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

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.

What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.

You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.

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

What do you want to avoid? Such an easy answer: sloth and unreliability. If you're unreliable it doesn't matter what your virtues are. You're going to crater immediately. Doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability.