When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.

Take the high road; it's far less crowded.

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

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

The best education you can get is investing in yourself, and that doesn't mean college or university.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.