The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

I'll take the deal, whatever you want to do.

When it's raining gold, reach for a bucket, not a thimble.

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

You can't produce a baby in one month by getting nine women pregnant.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.