The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.

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

Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on a one word answer. He had a speech prepared that would have gone on for several hours. But when forced to boil it down to one word, he said that was "rational". You know, he comes equipped for rationality, and he applies it in business. He doesn't always apply it elsewhere, but he applies it in business and that has made him a huge business success.

I think people - what people want to do is make [economy] get worse.

With enough insider information and a million dollars, you can go broke in a year.