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I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Problem
Thousand
Causing
Believe
Events
Flood
Years
Problems
Essentially
Always
Year
Zero
Life
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Berkshire
Experience
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Unprepared
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Jackets

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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
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In the insurance business, there is no statute of limitation on stupidity.
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There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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