When bills come due, only cash is legal tender. Don't leave home without it.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Charlie and I have a number of filters that things have to get through before we'll think about them.

We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.

Investment ideas, like women are often more exciting than punctual.

Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.