The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.

If you don't know the Jewelry, know the Jeweller

You can lose leverage, and it's the only way a smart guy can go broke.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.