People will always try to stop you from doing the right thing if it is unconventional.

Traditional wisdom is long on tradition and short on wisdom.

Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.

It's a big mistake to try and mislead people. They will turn around.

If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.