I insist on a lot of time being spent, almost every day, just sitting and thinking. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulsive decisions than most people in business. I do it because I like this kind of life.
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"The rich are always going to say that, you know, 'We don't get enough breaks.' And the poor are going to say, 'We don't get enough breaks.'"
"I'm 89. I've been doing this for 70 years. I've never seen anything like this. We will get through this, but I don't know how long it will take."
"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 advantage of any given company and, above all, t…"
"It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction."
"First, understand, then act."
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