The Noah rule: Predicting rain doesn't count; building arks does.
It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
If you hit a hole in one every hole, you wouldnโt play golf for very long.
Good big decisions do not take time at all, if they do you are in trouble.
Well, it may be all right in practice, but it will never work in theory
We've got more productive capacity now than we ever have.