I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

Problems in a company are like cockroaches in the kitchen. You will never find just one

Wide diversification is only required when investors do not understand what they are doing.

When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.