In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.

Only when the tide goes out do you discover who's been swimming naked.

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.

I wouldn’t mind going to jail if I had three cellmates who played bridge

I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.

I think the Congress will do the right thing. I think that they've - you know, they got into certain arguments and they start worrying about assessing blame, and there is a little demagoguery, but in the end, something this important, they'll do the right thing. So this really is an economic Pearl Harbor. That sounds melodramatic, but I've never used that phrase before. And this really is one.