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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Going
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Wrigley
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Gum
People
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Chewing
Internet
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More quotes by Warren Buffett

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The secret to happiness is having low expectations.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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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
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Be fearful when there is greed and be greedy when there is fear.
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Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
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The value of a business is the cash it's going to produce in the future.
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If at first you do succeed, quit trying on investing.
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It's much easier to stay out of trouble now than to get out of trouble later.
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Tell me your heroes and I'll tell you how your life will end up
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
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The U.S. Treasury has got borrowing costs like nobody else has.
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I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?
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Time is the friend of the wonderful company, the enemy of the mediocre.
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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Inactivity strikes us as intelligent behavior.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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The wise man once said invest young
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I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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