We have three managers at Berkshire who are reasonably young and fully capably of being CEO.

Leaders are people who do the right thing; managers are people who do things right.

Eddie understood that how he lugged bats was unimportant, ... What counted instead was hooking up with the cream of those on the playing field.

In the business world, the rearview mirror is always clearer than the windshield.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

The first rule is not to lose. The second rule is not to forget the first rule.