The investor of today does not profit from yesterday's growth.

Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

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.

It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.

Risk is a part of God's game, alike for men and nations.

The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.