The important thing is to keep playing, to play against weak opponents and to play for big stakes.

When investing, pessimism is your friend, euphoria the enemy.

I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.

Writing a check separates a commitment from a conversation.

The good thing is, we have household formation in this country.

If you buy things you do not need, soon you will have to sell things you need.

Taking jobs to build up your resume is the same as saving up sex for old age.