I wish I had learned more from failure than just mortification. I don’t think you learn much from success, and I don’t think you learn much from failure, unfortunately. It’s one of the sad things. You certainly learn that it’s more fun to have a hit than a flop.

I never thought that we would fail or that I would fail. I knew from time to time we may make some blunders. We may make some mistakes, but we were not going to fail.

My first mistake, of course, was in buying control of Berkshire. Though I knew its business - textile manufacturing - to be unpromising, I was enticed to buy because the price looked cheap. Stock purchases of that kind had proved reasonably rewarding in my early years, though by the time Berkshire came along in 1965 I was becoming aware that the strategy was not ideal. If you buy a stock at a sufficiently low price, there will usually be some hiccup in the fortunes of the business that gives you a chance to unload at a decent profit, even though the long-term performance of the business may be terrible. I call this the "cigar butt" approach to investing. A cigar butt found on the street that has only one puff left in it may not offer much of a smoke, but the "bargain purchase" will make that puff all profit. Unless you are a liquidator, that kind of approach to buying businesses is foolish.

One setback after another, we shook it off and skated to the next opportunity. Each time, we gain skills and strengthen our character. No setback that comes our way doesn't look like an opportunity these days.

Although my years at Irvine were very productive, I missed not doing experiments myself because of the many responsibilities associated with a faculty position: teaching courses, supervising graduate students, meetings, etc. After spending seven years at Irvine as Assistant and then Associate Professor, I decided to move to a non-academic position. I joined the Molecular Physics and Chemistry Section at the Jet Propulsion Laboratory in 1982. I had a smaller group – only a few postdoctoral fellows – but I also had the luxury of conducting experiments with my own hands, which I enjoyed very much.

For me, it was just a thrill. I just remember thinking at that time, this is the sort of thing I would like to do, if I could. I did not come from a family of scientists. My father was a lawyer, my older brother was a lawyer.

I have also benefited from teaching; as I try to explain my views to students with critical and open minds, I find myself continually being challenged to go back and rethink ideas. I now see teaching and research as complementary, mutually reinforcing activities.

I had a number of very good teachers in high school, in fact. Some mathematics teachers that perhaps allowed me the freedom to go beyond the normal routine of the class and to explore some more advanced areas. The same thing happened in college. I was able to communicate with a few of my teachers and professors, and go beyond the normal expectations. And then, as I mentioned before, Professor Pimentel, my mentor for graduate studies, was really influential in terms of the influence that he had for me.

In terms of this issue of these industrial gases affecting the environment, at the beginning the road was not easy, because we were suggesting that society had to change, that industries had to do something different than they were doing at that time. And of course, initially we did not meet with a good reception to these ideas from industry. And even from the scientific community — even though our ideas were well received in the small group of specialists in what we were doing — it was not necessarily well received by the scientific community at large. So we really had to continue doing as good a science as we could, and at the same time trying to well communicate our conviction that it was something important, something that had to change in the way society was functioning.

It was probably a series of biographies of scientists like Pasteur, or even earlier ones — Leeuwenhoek inventing the microscope and Madame Curie. I forget how many others, but it was really just, for me, a fascination to learn about these great heroes. At that time, of course, they were totally inaccessible, almost non-human, to me. It became very interesting to me.