'When they open that envelope, the first instruction is to take my pulse again.' - 2001 Annual Meeting after mentioning that the instructions of his succession are sealed in an envelope at headquarters.

'Berkshire's arbitrage activities differ from those of many arbitrageurs. First, we participate in only a few, and usually very large, transactions each year. …

'It is only when the tide goes out, that you know who was swimming naked.'

'There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, …