Buy a business, don't rent stocks.

A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

Never ask a barber if you need a haircut.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.