Beware Of Geeks Bearing Formulas.

Your Money Can Be Inflated Away But Your Knowledge And Talent Cannot.

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.

It's Better To Build Than To Buy If You Can Find The Right People.

Never Test The Depth Of River With Both The Feet.

In Some Corner Of The World They Are Probably Still Holding Regular Meetings Of The Flat Earth Society. We Derive No Comfort Because Important People, Vocal People, Or Great Numbers Of People Agree With Us. Nor Do We Derive Comfort If They Don't.