In the world of business, the people who are most successful are those who are doing what they love.

The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.

What we really want to do is buy businesses that we would be happy to own forever.

I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.

Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.

Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.

Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.