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“I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.”

“There is a case for saying that the creation of new aesthetic forms has been the most fundamentally productive of all forms of human activity. Whoever creates new artistic conventions has found methods of interchange between people about matters which were incommunicable before. The capacity to do this has been the basis of the whole of human history.”

“See where Congress passed a two billion dollar bill to relieve bankers' mistakes. You can always count on us helping those who have lost part of their fortune, but our whole history records nary a case where the loan was for the man who had absolutely nothing. Our theory is to help only those who can get along, even if they don't get a loan.”

“My best advice for mental training is simply to create good habits, in order to build a sense of security and calm around you. Also, you could try to distance yourself emotionally from the whole situation. In my case, I just look at it objectively: We are two guys going inside a cage to work. That's it. Try to de-escalate the pressure. Take a couple of deep breaths. Don't hype things up. And stay positive, even if you're fighting for your life.”

“The cause of the great War of the Rebellion against the United States will have to be attributed to slavery. For some years before the war began it was a trite saying among some politicians that "A state half slave and half free cannot exist." All must become slave or all free, or the state will go down. I took no part myself in any such view of the case at the time, but since the war is over, reviewing the whole question, I have come to the conclusion that the saying is quite true.”

“Stoutly as we may affirm that our disasters and vices are chargeable to luck, we never dream of ascribing our meritorious deeds, in the slightest degree to its agency. In such cases we quite unconsciously blink out of sight the magic power of the latter principle, so wondrous and all-controlling in its influence at other times, and coolly appropriate to ourselves not merely the lion's share, but the whole glory of our position.”

“If we choose a weak and foolish speculation as a primary textbook illustration (falsely assuming that the tale possesses a weight of history and a sanction of evidence), then we are in for trouble - as critics properly nail the particular weakness, and then assume that the whole theory must be in danger if supporters choose such a fatuous case as a primary illustration.”

“I am not even an atheist so much as I am an antitheist; I not only maintain that all religions are versions of the same untruth, but I hold that the influence of churches, and the effect of religious belief is positively harmful. Reviewing the false claims of religion, I do not wish, as some sentimental materialists affect to wish, that they were true. I do not envy believers their faith. I am relieved to think that the whole story is a sinister fairy tale; life would be miserable if what the faithful affirmed was actually the case.”

“The old and oft-repeated proposition "Totum est majus sua parte" [the whole is larger than the part] may be applied without proof only in the case of entities that are based upon whole and part; then and only then is it an undeniable consequence of the concepts "totum" and "pars". Unfortunately, however, this "axiom" is used innumerably often without any basis and in neglect of the necessary distinction between "reality" and "quantity", on the one hand, and "number" and "set", on the other, precisely in the sense in which it is generally false.”

“If you suddenly and unexpectedly feel joy, don't hesitate. Give in to it. There are plenty of lives and whole towns destroyed or about to be. We are not wise, and not very often kind. And much can never be redeemed. Still life has some possibility left. Perhaps this is its way of fighting back, that sometimes something happened better than all the riches or power in the world. It could be anything, but very likely you notice it in the instant when love begins. Anyway, that's often the case. Anyway, whatever it is, don't be afraid of its plenty. Joy is not made to be a crumb.”