It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

I made my first investment at age eleven. I was wasting my life up until then.

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.