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

More quotes by Warren Buffett

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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
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People should always know better.
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I learned to go into business only with people whom I like, trust, and admire.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
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If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
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I don't read economic forecasts. I don't read the funny papers.
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My idea of a group decision is to look in the mirror.
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People will always try to stop you from doing the right thing if it is unconventional.
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Investment ideas, like women are often more exciting than punctual.
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
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it's a good idea to review past mistakes before committing new ones.
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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Remember that the stock market is manic-depressive.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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It's much easier to stay out of trouble now than to get out of trouble later.
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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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