Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.

People will always try to stop you from doing the right thing if it is unconventional.

I really like my life. I've arranged my life so that I can do what I want.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

It’s not that I want money. It’s the fun of making money and watching it grow.

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.