The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

It's good to learn from your mistakes. It's better to learn from other people's mistakes.

We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.

If at first you do succeed, quit trying on investing.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?