I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote.

Early Charlie Munger is a horrible career model for the young, because not enough was delivered to civilization in return for what was wrested from capitalism. And other similar career models are even worse.

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.

Wesco had a market capitalization of $40 million when we bought it [in the early 1970s]. It's $2 billion now. It's been a long slog to a perfectly respectable outcome - not as good as Berkshire Hathaway or Microsoft, but there's always someone in life who's done better.

Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.

...all man's desired geometric progressions, if a high rate of growth is chosen, at last come to grief on a finite earth. And the social system for man on earth is fair enough, eventually, that almost all massive cheating ends in disgrace.

I think corporate managers should learn to be better investors because it would make them better managers.