Warren Buffett Talks to MBA Students

There are books on investments and sex. But the real thing is different

Taking jobs as stepping stones to something better is “like saving sex for old age

I will let you decide how you will vote on that one. Half of them will below average in intelligence and half above average in intelligence. Do you want to put your ball in there? Most of you will not want to put your ball back to get 100. So what you are saying is: I am in the luckiest one percent of the world right now sitting in this room

the top one percent of the world. Well, that is the way I feel. I am lucky to be born where I was because it was 50 to 1 in the United States when I was born

You are not buying a stock; you are buying part ownership in a business.

time is the friend of the wonderful business; it is the enemy of the lousy business.