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Warren Buffett

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

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If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

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Why not invest your assets in the companies you really like? As Mae West said, ""Too much of a good thing can be wonderful"".

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There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

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I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

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I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

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