I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.

Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

Returns decrease as motion increases.

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.