- Rule No. 1: Never lose money. Rule no. 2: Never forget Rule No. 1.
- You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it. That is the way I like to go across bridges.
- It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- You only have to do a very few things right in your life so long as you don't do too many things wrong.
Today is October 28th. It is a memorable day in my life as I started my first job on this day. I still remember that day very vividly.