Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

I won’t bet $100 against house odds between now and the grave.

In my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound interest table.

Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.

Berkshireis in the business of making easy predictions If a deal looks too hard, the partners simply shelve it.

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