In the end we must have people to match our principles, not the reverse.

SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

What we really want to do is buy businesses that we would be happy to own forever.

More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).

If I eat 2,700 calories a day, a quarter of that is Coca-Cola.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.