My biggest extravagances are also investments. I have several houses in California, a house in Nashville, an office complex, and I bought the old home place in Tennessee. They are different places for me to write, but I can turn right around and sell them.

I hope you're as lucky as I am. The world needs inventors--great ones. You can be one. If you love what you do and are willing to do what it really takes, it's within your reach. And it'll be worth every minute you spend alone at night, thinking and thinking about what it is you want to design or build. It'll be worth it, I promise.

As far as oligarchs who acquire sports team abroad, and invest money abroad, I wouldn't treat this phenomenon as something bad.

"I always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself."

It's important that we invest in America - literally. The terrorists wanted to destroy our economy, and we can't let our system fall apart. We also have to invest in one another.

Hussein has chosen to spend his money on building weapons of mass destruction and palaces for his cronies.

In a capitalist society one can hold on to one’s fortune only if one perpetually acquires it anew by investing it wisely.

"Investors are anticipating measurably slower profits growth, ... As a result, they're valuing companies that can produce good, solid earnings in an environment where earnings are going to be harder to come by."

"Investors are anticipating measurably slower profits growth. As a result, they're valuing companies that can produce good, solid earnings in an environment where earnings are going to be harder to come by."

"It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."

"Competition is the keen cutting edge of business, always shaving away at costs"

"Literature is an investment of genius which has dividends to all subsequent times"

"There's a need for accepting responsibility - for a person's life and making choices that are not just ones for immediate short-term comfort. You need to make an investment, and the investment is in health and education."

"There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment."

"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."

We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.

"You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital."

"There is nothing wrong with a 'know nothing' investor who realizes it. The problem is when you are a 'know nothing' investor but you think you know something."

"What we learn from history is that people don't learn from history."

Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game.

"Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick "no."

"Investors should remember that excitement and expenses are their enemies."

"Speculation is most dangerous when it looks easiest."

"After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them."