Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.
I want every young man who sees me to know that I'm not that different from them. I wasn't born into wealth. I wasn't born into fame. I made a lot of mistakes - but I kept at it.
The greatest mistake in the treatment of diseases is that there are physicians for the body and physicians for the soul, although the two cannot be separated.
It is graceful in a man to think and to speak with propriety, to act with deliberation, and in every occurrence of life to find out and persevere in the truth. On the other hand, to be imposed upon, to mistake, to falter, and to be deceived, is as ungraceful as to rave or to be insane.
There are times where I've made mistakes or our administration hasn't always aligned ourselves with the values we need to align ourselves with. It's a work of constant improvement.
We shall not fail - if we stand firm, we shall not fail. Wise counsels may accelerate, or mistakes delay it, but, sooner or later, the victory is sure to come.
I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
Stay close to those who sing, tell stories, and enjoy life, and whose eyes sparkle with happiness. Because happiness is contagious and will always manage to find a solution, whereas logic can find only an explanation for the mistake made.
I consider Mr. Morphy the finest chess player who ever existed. He is far superior to any now living, and would doubtless have beaten Labourdonnais himself. In all his games with me, he has not only played, in every instance, the exact move, but the most exact. He never makes a mistake; but, if his adversary commits the slightest error, he is lost.
It is a very grave mistake to think that the enjoyment of seeing and searching can be promoted by means of coercion and a sense of duty. To the contrary, I believe it would be possible to rob even a healthy beast of prey of its voraciousness, if it were possible, with the aid of a whip, to force the beast to devour continuously, even when not hungry.