The best thing I did was choose the right heroes.

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

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.

I know the country works extremely well. You know, but when it isn't clogged up.

You don't want 300 million Americans putting their money under the mattress.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

Wide diversification is only required when investors do not understand what they are doing.