I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Success is having people love you that you want to have love you.

Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.