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

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

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

If you can buy the best companies, over time the pricing takes care of itself.

In fact I've probably never seen such a wide moat.

Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.

Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.