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.

The investor of today does not profit from yesterday's growth.

Stocks are the only thing that people are happy to buy when the price goes up.

Do what you would do for free, having passion for what you do is the most important thing.

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.