A CEO's behavior has a huge impact on managers down the line.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.

The smarter the journalists are, the better off society is.

A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.

Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.