Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

Investment ideas, like women are often more exciting than punctual.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.