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 don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

A Company should be viewed as an unfolding movie, not as a still photograph

Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

Never be afraid to ask for too much when selling or offer too little when buying.

We don't read other people's opinions. We want to get the facts, and then think.