A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

You're not going to get very far in life based on what you already know. You're going to advance in life by what you're going to learn after you leave here.

I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations.

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

Those who keep learning, will keep rising in life

The reason we avoid the word 'synergy' is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises.Berkshire is full of synergies - we don't avoid synergies, just claims of synergies.

Spend each day trying to be a little wiser than you were when you woke up.