Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.

The smartest side to take in a bidding war is the losing side.

Success is having people love you that you want to have love you.

Fear is the foe of the faddist, but the friend of the fundamentalist.

If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.

... 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.

So smile when you read a headline that says "Investors lose as market falls." Edit it in your mind to "Disinvestors lose as market falls-but investors gain." Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: "Every putt makes someone happy.")