In The Search [of A Deal], We

I Spend Twelve Hours A Week - A Little Over 10% Of My Waking Hours - Playing The Game. Now I Am Trying To Figure Out How To Get By On Less Sleep In Order To Fit In A Few More Hands.

Investing Is Forgoing Consumption Now In Order To Have The Ability To Consume More At A Later Date.

Stop Trying To Predict The Direction Of The Stock Market, The Economy Or Elections.

I Will Do Anything That Is Basically Covered By The Law To Reduce Berkshire's Tax Rate. For Example, On Wind Energy, We Get A Tax Credit If We Build A Lot Of Wind Farms. That's The Only Reason To Build Them. They Don't Make Sense Without The Tax Credit.

You Have To Understand Accounting And You Have To Understand The Nuances Of Accounting. It's The Language Of Business And It's An Imperfect Language, But Unless You Are Willing To Put In The Effort To Learn Accounting - How To Read And Interpret Financial Statements - You Really Shouldn't Select Stocks Yourself