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

The ability to say no is a tremendous advantage for an investor.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

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

People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.

All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.