The best asset is your own self. You can become to an enormous degree the person you want to be

I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.

Problems in a company are like cockroaches in the kitchen. You will never find just one

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

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.

You can't make a good deal with a bad person.