There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.

Every company that has an economist working for him has one employee too many.

I can't promise results, but I can promise a common destiny.

Calculate "owner earnings" to get a true reflection of value.

Honesty is a very expensive gift, Don't expect it from cheap people.

Never test the depth of river with both the feet.

It is easier to rationalize than it is to be rational.