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Diversification may preserve wealth, but concentration builds wealth.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Wealth
May
Diversification
Builds
Preserve
Preserves
Concentration
Investing

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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
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What we learn from history is that people don't learn from history.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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Tell me your heroes and I'll tell you how your life will end up
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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