... not doing what we love in the name of greed is very poor management of our lives.

The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.

Success is having people love you that you want to have love you.

Don't settle for anything other than your passion - if you're lucky enough to find it.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.