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

Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

Time is the friend of the wonderful company, the enemy of the mediocre.

Continually challenge and be willing to amend your best loved ideas.

Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.

Diversification may preserve wealth, but concentration builds wealth.