I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.

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

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.

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.”

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

We look for a horse with one chance in two of winning and which pays you three to one.