Enjoy your work and work for whom you admire.

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

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.

The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: "I'll buy a million dollars' worth of love." But it doesn't work that way. The more you give love away, the more you get.

There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.

I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.