We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.

Someone is sitting in the shade today because someone planted a tree a long time ago.

The only time to buy these is on a day with no 'y' in it.

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.

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.

Life is like a snowball. The important thing is finding wet snow and a really long hill.