'Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.' - BusinessWeek Interview June 25 1999

'The most common cause of low prices is pessimism-some times pervasive, some times specific to a company or industry. We want to do business in such an environ…

'Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsize…

'The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advant…