The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.

The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.