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

To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.

When people talk about cash being king, it's not king if it just sits there and never does anything.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock