Price is what you pay. Value is what you get.

I buy expensive suits. They just look cheap on me.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

The only time to buy these is on a day with no 'y' in it.

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

Value is what you get.

Risk is a part of God's game, alike for men and nations.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

When you combine ignorance and leverage, you get some pretty interesting results

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

Honesty is a very expensive gift, Don't expect it from cheap people

The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.

Predicting rain doesn't count. Building arks does.

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.

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

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.'

Time is the friend of the wonderful company, the enemy of the mediocre.

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

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

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.

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

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.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Beware of geeks bearing formulas.

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

The investor of today does not profit from yesterday's growth.

The first rule is not to lose. The second rule is not to forget the first rule.

"I just sit in my office and read all day"

"I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

"I won't say if my candidate doesn't win, and probably half the time they haven't, I'm going to take my ball and go home"

"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."

"The difference between successful people and really successful people is that really successful people say no to almost everything."

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."

"Widespread fear is your friend as an investor because it serves up bargain purchases."

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."

"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table."

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

"You can't produce a baby in one month by getting nine women pregnant."

"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."

"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."

"An investor should act as though he had a lifetime decision card with just twenty punches on it."

"Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect to hold them for at least five years. Those who seek short-term profits should look elsewhere."

"Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market."

"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."

"Do not take yearly results too seriously. Instead, focus on four or five-year averages."

"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."

"The most important thing to do if you find yourself in a hole is to stop digging."

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks."

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."