We enjoy the process far more than the proceeds.

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

America should stand for more than just wealth.

You know, with your money and my brains, I mean, there's no telling how far we'd go.

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.

It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.