Don't settle for anything other than your passion - if you're lucky enough to find it.

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

We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

Forecasts usually tell us more of the forecaster than of the forecast

Never risk what you have and need for what we don't have and don't need.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.