I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.

I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.

... not doing what we love in the name of greed is very poor management of our lives.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

We will only do with your money what we would do with our own.

Basically, the single-most important decision in evaluating a business is pricing power.

I view derivatives as time bombs, both for the parties that deal in them and the economic system.