If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

The good thing is, we have household formation in this country.

When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.

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.

The most dangerous distractions are the ones you love, but that don’t love you back.