If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

I like to buy things I can understand. I do a lot of research on things.

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.

I'm happy when I can spend every day doing the things that I like to do. That's my luxury.

People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.

At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.