Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.

If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.

We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.

I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.