What is one of the best or most worthwhile investments you have ever made — of money, time, or energy?
Recorded Warren Buffett said elsewhere, not written here
We've just passed a milestone: Twenty years ago, on January 3, 1972, Blue Chip Stamps (then an affiliate of Berkshire and later merged into it) bought control of See's Candy Shops, a West Coast manufacturer and retailer of boxed-chocolates. The nominal price that the sellers were asking - calculated on the 100% ownership we ultimately attained - was $40 million. But the company had $10 million of excess cash, and therefore the true offering price was $30 million. Charlie and I, not yet fully appreciative of the value of an economic franchise, looked at the company's mere $7 million of tangible net worth and said $25 million was as high as we would go (and we meant it). Fortunately, the sellers accepted our offer. The sales of trading stamps by Blue Chip thereafter declined from $102.5 million in 1972 to $1.2 million in 1991. But See's candy sales in the same period increased from $29 million to $196 million. Moreover, profits at See's grew even faster than sales, from $4.2 million pre-tax in 1972 to $42.4 million last year.

His letter to Berkshire Hathaway shareholders in the 1991 annual report, Berkshire Hathaway Inc., February 1992 source ↗

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Svante Pääbo Geneticist; Nobel laureate in Physiology or Medicine, 2022
Well, it is of course a step-by-step process that started back in the 80s. I was struggling to retrieve a little bit of DNA from things that were just a few … starting with just dried tissues that, you know, that were just a few months old, going back in time and struggling with the technological issues with that over a decade. And then it became possible to retrieve DNA from things like the mammoths or cave bears that lived at a similar time as the Neanderthals. And then I was very lucky to get a job in Germany, where of course Neanderthals is a big presence in our, in the imagination of people, so it was then very, an obvious next step, in a way, to try to do that.

Recorded Adam Smith, Telephone interview recorded shortly after the prize announcement, Nobel Prize Outreach, 3 October 2022 source ↗

Venkatraman Ramakrishnan Structural biologist; Nobel laureate in Chemistry, 2009
No, because I started working on ribosomes when I was a post doc, in 1978, when it would have been impossible, really, to solve it. But, it was just a fundamental problem in biology. And we felt, no matter, anything we do to chip away at the problem would be useful. So it was more that that attracted me. And I think the fact that it was large and kind of difficult to come to grips with, yes, it was attractive. Really what was attractive was that it was a fundamental problem.

Recorded Adam Smith, Telephone interview recorded minutes after the prize announcement, Nobel Prize Outreach, 7 October 2009 source ↗

Malala Yousafzai Education campaigner; co-founder of the Malala Fund; United Nations Messenger of Peace
Her story is why I dedicate the Nobel Peace Prize money to the Malala Fund, to help give girls quality education, everywhere, anywhere in the world and to raise their voices. The first place this funding will go to is where my heart is, to build schools in Pakistan—especially in my home of Swat and Shangla.

Recorded Oslo City Hall, The Nobel Foundation, 10 December 2014 source ↗

Kobe Bryant United States basketball player, Los Angeles Lakers, 1996–2016
And so I ran. I ran up and down every court After every loose ball for you. You asked for my hustle I gave you my heart Because it came with so much more.

Recorded Retirement poem, The Players' Tribune, 29 November 2015 source ↗

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Question What is something everyone in your world agrees about that you think is wrong? Values & belief
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.

Recorded His letter to Berkshire Hathaway shareholders in the 1993 annual report, Berkshire Hathaway Inc., February 1994 source ↗

Question What is your worst intellectual habit? Craft & work
Ironically, though, this is also the purchase in which I made my biggest mistake - of a kind, however, never recognized on financial statements. We paid $600 million in 1989 for Gillette preferred shares that were convertible into 48 million (split-adjusted) common shares. Taking an alternative route with the $600 million, I probably could have purchased 60 million shares of common from the company. The market on the common was then about $10.50, and given that this would have been a huge private placement carrying important restrictions, I probably could have bought the stock at a discount of at least 5%. I can't be sure about this, but it's likely that Gillette's management would have been just as happy to have Berkshire opt for common. But I was far too clever to do that.

Recorded His letter to Berkshire Hathaway shareholders in the 1995 annual report, Berkshire Hathaway Inc., February 1996 source ↗

Question What made you decide to stop something you were known for, and how did you know it was time? Time & hindsight
Well, I ran out of gas. You know, I got to be what, 93 at that time, or something like that. And it just – same reason I gave up teaching. I teach – I was – I taught every year from when I was 21 till 88 or 89, and there just came a period when your body said different things to you, and you should turn it over to somebody, just like I did at Berkshire.

Recorded Becky Quick, CNBC “Squawk Box”, recorded in Omaha; CNBC's own transcript of its own broadcast, 31 March 2026 source ↗

Question In the last five years, what have you become better at saying no to? Daily life
Yeah and we get calls all the time, and there's so many calls, but the like I said, it takes me five seconds to say no. It takes, Greg's a little more polite than I am, but I just as soon get the calls just to see what people are doing. But they aren't offering anything that's at an attractive price, and what they want is a trade.

Recorded Becky Quick, CNBC “Squawk Box”, recorded in Omaha; CNBC's own transcript of its own broadcast, 31 March 2026 source ↗

Question What is the most important lesson life has taught you? Time & hindsight
The number one rule I give them is just not give them the golden rule. Do unto others, I'm not a religious guy, but, I mean, nobody said it any better in a couple thousand years than that, which may be why it's lasted to a certain degree too. I mean, more people are reading a 2000-year-old book about how to behave than anything that anybody's coming up with lately. Now it's got a lot of, particularly the Old Testament, it's got different kinds of stories, to some extent, but if the whole world lived by the golden rule, it would be such a more wonderful society.

Recorded Becky Quick, Interview at the 2026 Berkshire Hathaway annual meeting; CNBC's own transcript of its own broadcast, 2 May 2026 source ↗

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