Do not put all your eggs in one basket.

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.

It's never paid to bet against America.

When investing, pessimism is your friend, euphoria the enemy.

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.