We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

A great business at a fair price is superior to a fair business at a great price.

Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices.

Without numerical fluency, in the part of life most of us inhibit, you are like a one-legged man in an ass-kicking contest.

Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.

There is bound to be a regression toward the mean.