The reason we avoid the word 'synergy' is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises.Berkshire is full of synergies - we don't avoid synergies, just claims of synergies.

I don't spend much time regretting the past, once I've taken my lesson from it. I don't dwell on it.

It's not supposed to be easy. Anyone who finds it easy is stupid.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

Most people early achieve and later intensify a tendency to process new and disconfirming information so that any original conclusion remains intact. They become people of whom Philip Wylie observed: "You couldn't 't squeeze a dime between what they already know and what they will never learn."

See's candy company was the first high-quality business we ever bought.

A lot of opportunities in life tend to last a short while, due to some temporary inefficiency... For each of us, really good investment opportunities aren't going to come along too often and won't last too long, so you've got to be ready to act and have a prepared mind.