We've Got A Wonderful Economic Formula In

When A Management With A Reputation For Brilliance Tackles A Business With A Reputation For Bad Economics, It Is The Reputation Of The Business That Remains Intact.

Buy A Cross Section Of American Industry, And If A Cross Section Of American Industry Doesn't Work, Certainly Trying To Pick The Little Beauties Here And There Isn't Going To Work Either.

You Do Not Adequately Protect Yourself By Being Half Awake When Other Are Sleeping.

At Age 19, I Read A Book [the Intelligent Investor] And What I'm Doing Today, At Age 76, Is Running Things Through The Same Thought Process I Learned From The Book I Read At 19.

We've Used Derivatives For Many, Many Years. I Don't Think Derivatives Are Evil, Per Se, I Think They Are Dangerous.