"It isn't the learning that's so hard, but the unlearning." -Charlie Munger Honoring Toys “R” Us Founder Charles Laza...

"We generally look at businesses and believe that change is likely to work against us. We do not think we have great ability to predic...

"If you buy a stock and it goes down and that upsets you, it obviously means you think the market knows more about the company than yo...

“Unfortunately in this kind of work, where you are trying to determine relationships based upon past behavior, the almost invariable experi...

Warren Buffett plans to make public a video archive of about 20 years of past Berkshire Hathaway Inc. shareholder meetings ($) [H/T Vishal] ...

"A really wonderful business is very well protected against the vicissitudes of the economy and competition over time. And I'm tal...

"The great personal fortunes in this country weren't built on a portfolio of 50 companies. They were built by someone who identif...

"[There's] this theme of finding your own way . One of the most common mistakes that I see people make—whether you're talking ...

Transcribed comments via Outstanding Investor Digest from the 1996 Berkshire Hathaway Annual Meeting:  Our cheap, plentiful float sprin...

"The odds are very good that there'll be opportunities from time to time. You cannot study financial history and observe the way m...