The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.

The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

We make investment decisions based on our evaluation of the most profitable combination of probabilities.

I'll take the deal, whatever you want to do.