Quote

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Life
Buffets
Investing
Protection
Ignorance
Sense
Makes
Littles
Little
Diversification

More quotes by Warren Buffett

Image
Returns decrease as motion increases.
Warren Buffett
Image
It is madness to risk losing what you need in pursuing what you simply desire.
Warren Buffett
Image
Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
Warren Buffett
Image
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
Warren Buffett
Image
Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
Warren Buffett
Image
I made my first investment at age eleven. I was wasting my life up until then.
Warren Buffett
Image
I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
Warren Buffett
Image
If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
Image
In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
Warren Buffett
Image
Never invest in a business you can't understand
Warren Buffett
Image
You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett
Image
Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
Warren Buffett
Image
House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
Warren Buffett
Image
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
Warren Buffett
Image
The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
Warren Buffett
Image
You need a lot of curiosity for a long, long time.
Warren Buffett
Image
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
Warren Buffett
Image
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett
Image
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
Warren Buffett
Image
Money is not everything. Make sure you earn a lot before speaking such nonsense.
Warren Buffett