When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.'

'Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with wha…

'I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. 'I'm paying $32 billion today …

'It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.'