Our goal will be to acquire either part or all of businesses that we believe we understand, that have good, sustainable underlying economics, and that are run by managers whom we like, admire and trust.
If youβre in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Risk comes from not knowing what you're doing
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Risk is a part of God's game, alike for men and nations.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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 better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
Beware of geeks bearing formulas.
