'When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.'

'Our favourite holding period is forever.' Letter to Berkshire Hathaway shareholders, 1988

'Risk comes from not knowing what you're doing.'

'You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right-and that's the only …