"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." 

"Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you."

"The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot, and if people are yelling, 'Swing, you bum!' ignore them." 

"We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends)."