It's better to build than to buy if you can find the right people.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

You should invest like a Catholic marries: for life.

Cash combined with courage in a time of crisis is priceless.

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.