If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

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

In the end we must have people to match our principles, not the reverse.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.

Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.

I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.