While no real money came down, my family gave me a good education and a marvelous example of how people should behave, and in the end that was more valuable than money. Being surrounded by the right values from the beginning is an immense treasure. Warrenhad that. It even has a financial advantage.

Avoid evil, particularly if they're attractive members of the opposite sex.

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

You must value the business in order to value the stock.

In Gillette's case, they keep surfing along new technology which is fairly simple by the standards of microchips. But it's hard for competitors to do. So they've been able to stay constantly near the edge of improvements in shaving.

The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.

All sensible investing is value investing