Quote

Diversification is a protection against ignorance. It makes very little sense for those who know what they're 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
Sense
Makes
Littles
Little
Diversification
Investing
Protection
Ignorance

More quotes by Warren Buffett

Image
Diversification may preserve wealth, but concentration builds wealth.
Warren Buffett
Image
The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
Warren Buffett
Image
If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
Warren Buffett
Image
If you're in a card game and you can't figure out who the patsy is, you're it.
Warren Buffett
Image
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
Warren Buffett
Image
I know that Congress will do the right thing.
Warren Buffett
Image
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett
Image
I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.
Warren Buffett
Image
Remember that the stock market is manic-depressive.
Warren Buffett
Image
A Company should be viewed as an unfolding movie, not as a still photograph
Warren Buffett
Image
Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
Warren Buffett
Image
If horses had controlled investment decisions, there would have been no auto industry.
Warren Buffett
Image
I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
Warren Buffett
Image
Good big decisions do not take time at all, if they do you are in trouble.
Warren Buffett
Image
Risk comes from not knowing what you're doing.
Warren Buffett
Image
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
Warren Buffett
Image
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
Warren Buffett
Image
You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
Warren Buffett
Image
What's going to happen - things we're doing are going to have some inflationary consequences.
Warren Buffett
Image
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
Warren Buffett