Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

Investing is laying out money now to get more money back in the future.

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.