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Diversification is protection against ignorance. It makes little sense if you know what you 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
Investing
Protection
Ignorance
Sense
Makes
Littles
Little
Diversification
Life
Buffets

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Emotional makeup is more important than technical skill
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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People will always try to stop you from doing the right thing if it is unconventional.
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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
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Honesty is a very expensive gift, Don't expect it from cheap people.
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The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
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