The thing to do is to keep your mind when the world around you is losing theirs.

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

Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.

I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.

Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

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 tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.