"If past history was all that mattered, the richest people would be librarians."

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

"First, understand, then act."

"I would say that Charlie [Munger] and I have a great partnership. We're like a couple of old guys in a bar, just talking about what's going on in the world."

"I buy expensive suits. They just look cheap on me."