'If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.'- 1997 Berkshire Hathaway Annual Meeting

'Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to…

'Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest…

'Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.'- 1974 Letter to Shareholders