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, the durability of that advantage.
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"You do things when opportunities come along. I've had periods in my life when I've had a bundle of them come along, and I've had long dry spells."
"I've never met a rich person who was unhappy."
"It's a huge mistake to think that you can go into a business and just do things the same way as everybody else and then expect to get a different result."
"I really like to think of myself as an artist, and my canvas is Berkshire Hathaway."
"Don't beat yourself up over past mistakes – learn at least a little from them and move on."
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