This economy doesn't work well without the lubrication of credit and trust.

After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we have concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Every company that has an economist working for him has one employee too many.

Investing requires qualities of temperament way more than it requires qualities of intellect.

We've got a wonderful economic formula in this country.

The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.