The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
What the wise do in the beginning, fools do in the end.
It's a big mistake to try and mislead people. They will turn around.
We've got a wonderful economic formula in this country.
Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
It's good to learn from your mistakes. It's better to learn from other people's mistakes.