I'm happy when I can spend every day doing the things that I like to do. That's my luxury.

Calculate "owner earnings" to get a true reflection of value.

At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

I never invest in anything that I don't understand.

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

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.