In other words, the percentage change in book value in any given year is likely to be reasonably close to that year’s change in intrinsic value.
Never ask a barber if you need a haircut.
Life is like a snowball. The important thing is finding wet snow and a really long hill.
People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
In the world of business, the people who are most successful are those who are doing what they love.
I learned to go into business only with people whom I like, trust, and admire.
If you can’t communicate and talk to other people and get across your ideas, you’re giving up your potential.
Investing in yourself is the best thing you can do. If you’ve got talents, no one can take them from you.
What could be more advantageous in an intellectual contest – whether it be chess, bridge, or stock selection – than to have opponents who have been taught that thinking is a waste of energy?
We don’t read other people’s opinions. We want to get the facts, and then think.
I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can’t get any better than that.
Time is your friend, impulse is your enemy. Take advantage of compound interest and don’t be captivated by the siren song of the market.
My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
When people talk about cash being king, it’s not king if it just sits there and never does anything.
It’s a big mistake to try and mislead people. They will turn around.
You can’t stand to see your neighbor getting rich. You know you’re smarter than he is and he’s doing these things and he’s getting rich.
The truth is that I’ve got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
Confidence is key. You’re not going to put your money – you’re not going to leave your money with me unless you’re confident I’m going to give it back to you.
There’s nothing inappropriate about having debt in America. It’s what helped us grow over time. And it’s when debt gets out of control that you worry.
The nature of democracy is such that when there’s – there’ll be revulsion, obviously, towards – that’s never going to happen again.
People always should know better. People don’t get – they don’t get smarter about things that get as basic as greed.