I want to give my kids enough so that they could feel that they could do anything, but not so much that they could do nothing.

Warren, isn't it fair to say that if we did have an opinion, we wouldn't tell him?

Rule number one of investing: Never lose money. Rule number two: Never forget rule number one.

Only when the tide goes out do you discover who's been swimming naked

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

Be fearful when others are greedy, and be greedy when others are fearful