Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

It’s not that I want money. It’s the fun of making money and watching it grow.

Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

I mean, we'll be pounding on the guy's chest, you know, on the floor, and you know, he's not going to just jump up all of a sudden. So it makes it tough. I mean, it's tough to be in the legislature, you know, and vote for something and then people say, well, you voted all this money and you know, it's all getting spent. It isn't getting spent. It's getting invested. But it's all getting spent. Nothing's happening.

I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.