Very successful people say no to almost everything.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."

Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.

I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.

Activity is the enemy of investment returns.