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.

The best education you can get is investing in yourself, and that doesn't mean college or university.

I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.

My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

Stop trying to predict the direction of the stock market, the economy or elections.

We like to buy businesses, but we don't like to sell them.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.