The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.

It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

If I eat 2,700 calories a day, a quarter of that is Coca-Cola.

I've often felt there might be more to be gained by studying business failures than business successes.

Our approach is very much profiting from lack of change rather than from change.