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.

The SEC does way more good than harm - the last thing I would do is get rid of the SEC...if accounting were thoroughly fixed, a lot of other sins would go away. We're paying a huge price for deterioration of accounting.

Everybody engaged in complex work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing.”

I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it.

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

It's not a competency if you don't know the edge of it.