Enjoy your work and have ethical standards.

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.

You have to be a little aware of the emotions of the people who have invested with you.

We get a feeling, if we can, about what we think the company is worth.

We do not spend a great deal of time talking to management.