While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

Do what you would do for free, having passion for what you do is the most important thing.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.