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Wide diversification is only required when investors do not understand what they are doing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Success
Buffets
Understand
Investors
Business
Required
Investing
Diversity
Investment
Wide
Intelligent
Diversification

More quotes by Warren Buffett

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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.
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If a business does well, the stock eventually follows.
Warren Buffett
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There is no question we have an access stock.
Warren Buffett
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
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You need a lot of curiosity for a long, long time.
Warren Buffett
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I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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Every company that has an economist working for him has one employee too many.
Warren Buffett
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
Warren Buffett
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Investors should remember that excitement and expenses are their enemies.
Warren Buffett
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If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
Warren Buffett
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I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
Warren Buffett
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You don't have to be a genius to invest well
Warren Buffett
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
Warren Buffett
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
Warren Buffett