Warren Buffett

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

If a business does well, the stock eventually follows.

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.

In the business world, the rearview mirror is always clearer than the windshield.

Your premium brand had better be delivering something special, or it's not going to get the business.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Value is what you get.