Very successful people say no to almost everything.

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

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.

Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.