I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.

Basically, the single-most important decision in evaluating a business is pricing power.

I don't like what's going on with the executive compensation.

If you're in a card game and you can't figure out who the patsy is, you're it.

Stop trying to predict the direction of the stock market, the economy or elections.

Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

I made my first investment at age eleven. I was wasting my life up until then.