“Be Fearful When Others Are Greedy And

Our Future Rates Of Gain Will Fall Far Short Of Those Achieved In The Past. Berkshire's Capital Base Is Now Simply Too Large To Allow Us To Earn Truly Outsized Returns. If You Believe Otherwise, You Should Consider A Career In Sales But Avoid One In Mathematics.

I Have A Wonderful Family. I Have A Job That I Love And Wonderful People Who Help Me With It. It Can't Get Any Better Than That.

Is Management Rational?

If You Have A Great Manager, You Want To Pay Him Very Well.

You Get What I Call The Natural Progression, The Three Is. The Innovators, The Imitators, And The Idiots.