I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

The purpose of life is to be loved by as many people as possible among those you want to have love you

Be fearful when there is greed and be greedy when there is fear.

The advice "you never go broke taking a profit" is foolish.

With enough insider information and a million dollars, you can go broke in a year.

This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.

I know the country works extremely well. You know, but when it isn't clogged up.