Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

The fundamental basis of above-average performance in the long run is sustainable competitive advantage.

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.

I think that actually people in my situation should be paying more tax.

Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.

Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."