I don't read economic forecasts. I don't read the funny papers.

If you buy things you do not need, soon you will have to sell things you need.

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

Stop trying to predict the direction of the stock market, the economy or elections.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

Larger sums may be an advantage at some cases and a disadvantage at others.