'The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'' - 1999 Berkshire Hathaway Annual Meeting

'I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S.…

'The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that emp…

'We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.' - 1998 Berkshire Hathaway Annual Meeting