I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

I think people - what people want to do is make [economy] get worse.

A CEO's behavior has a huge impact on managers down the line.

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.