Never be afraid to ask for too much when selling or offer too little when buying.

Stop trying to predict the direction of the stock market, the economy or elections.

It's just that right now the athlete's on the floor. But we - this is a super athlete.

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.

After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we have concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.

The good thing is, we have household formation in this country.

If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.