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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.

Investment Must Be Rational; If You Can't Understand It, Don't Do It.

Invest In As Much Of Yourself As You Can, You Are Your Own Biggest Asset By Far.

You’d Get Very Rich If You Thought Of Yourself As Having A Card With Only Twenty Punches In A Lifetime, And Every Financial Decision Used Up One Punch. You’d Resist The Temptation To Dabble. You’d Make More Good Decisions And You’d Make More Big Decisions.

A Company Should Be Viewed As An Unfolding Movie, Not As A Still Photograph