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

It is not necessary to do extraordinary things to get extraordinary results.

It's the deleveraging that's going on right now that has caused the credit crisis.

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.

Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.