If you buy the things you don't need, you will soon be selling the things that you need.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

We enjoy the process far more than the proceeds.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.