Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.

Calculate "owner earnings" to get a true reflection of value.

Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.

The only time to buy these is on a day with no 'y' in it.

Every company that has an economist working for him has one employee too many.

I've never been very fully employed either.