There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.

In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.

It's good to learn from your mistakes. It's better to learn from other people's mistakes.

Buy companies with strong histories of profitability and with a dominant business franchise.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.

I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.