In A Commodity Business, It's Very Hard

Our Approach Is Very Much Profiting From Lack Of Change Rather Than From Change. With Wrigley Chewing Gum, It's The Lack Of Change That Appeals To Me. I Don't Think It Is Going To Be Hurt By The Internet. That's The Kind Of Business I Like.

Never Get Too Hung Up On Mistakes.

Always Invest For The Long Term.

I Bought A Company In The Mid-90s Called Dexter Shoe And Paid $400 Million For It. And It Went To Zero. And I Gave About $400 Million Worth Of Berkshire Stock, Which Is Probably Now Worth $400 Billion. But I've Made Lots Of Dumb Decisions. That's Part Of The Game.

The Only Way To Get Love Is To Be Lovable. It's Very Irritating If You Have A Lot Of Money. You'd Like To Think You Could Write A Check: "i'll Buy A Million Dollars' Worth Of Love." But It Doesn't Work That Way. The More You Give Love Away, The More You Get.