I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

Your premium brand had better be delivering something special, or it's not going to get the business.

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