Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.

If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.

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.

The key to life is to figure out who to be the batboy for.

If you have a harem of 40 women, you never get to know any of them very well.

Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.

We will only do with your money what we would do with our own.