We have a passion for keeping things simple.
We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them.
Acknowledging what you don't know is the dawning of wisdom.
No man is fit to hold office who isn't perfectly willing to leave it at any time...
Those of us who have been fortunate have a duty to give back.Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.
People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid.
Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.
You should avoid sloth and unreliability.
Simplicity has a way of improving performance by enabling us to better understand what we are doing.
Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind...when you're young it's easy to drift into royalties and when you announce that you're a loyal member...and you're gradually ruining your mind.
I believe in the discipline of mastering the best that other people have ever figured out.I don't believe in just sitting down and trying to dream it all up yourself.
I try to get rid of people who confidently answer questions about which they don't have any real knowledge.
To this day, I have never taken a course anywhere, in chemistry, economics, psychology, or business.
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent.
I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could.
I met the towering intellectuals in books, not in classroom, which is natural.My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.
Just the discipline of having to put your thoughts in order with somebody else is very useful thing.
If you skillfully follow the multidisciplinary path, you will never wish to come back.It would be like cutting off your hands.
One of the greatest ways to avoid trouble is to keep it simple...the system often goes out of control.
Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari's -I wanted the independence.I desperately wanted it.