Wide diversification is only required when investors do not understand what they are doing. — Warren Buffett Copy Share Image
Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm… — Warren Buffett Copy Share Image
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have… — Warren Buffett Copy Share Image
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that… — Warren Buffett Copy Share Image
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market… — Warren Buffett Copy Share Image
If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there… — Warren Buffett Copy Share Image
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service… — Warren Buffett Copy Share Image
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing. — Warren Buffett Copy Share Image
Diversification is protection against ignorance. It makes little sense if you know what you are doing. — Warren Buffett Copy Share Image
Diversification may preserve wealth, but concentration builds wealth. — Warren Buffett Copy Share Image
We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price.… — Warren Buffett Copy Share Image
We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved… — Warren Buffett Copy Share Image
... but the important thing is that when you do find one where you really do know what you are doing, you… — Warren Buffett Copy Share Image
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual… — Warren Buffett Copy Share Image
“Be fearful when others are greedy, and be greedy when others are fearful.” — Warren Buffett Copy Share Image
Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose. — Warren Buffett Copy Share Image
We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are… — Warren Buffett Copy Share Image
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the… — Warren Buffett Copy Share Image
It is better to point out your own mistakes than have somebody else do it. — Warren Buffett Copy Share Image
I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're… — Warren Buffett Copy Share Image
I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to… — Warren Buffett Copy Share Image
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to… — Warren Buffett Copy Share Image
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share Image
What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it. — Warren Buffett Copy Share Image
I don't measure my life by the money I've made. Other people might, but certainly don't. — Warren Buffett Copy Share Image
