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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
Little
Diversification
Investing
Protection
Ignorance
Sense
Makes
Littles

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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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Do not put all your eggs in one basket.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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Equities will do well over time - you just have to avoid getting excited when other people are getting excited.
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I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.
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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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I'm putting all my money in the Chinese toy market.
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You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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The reaction of weak management to weak operations is often weak accounting.
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
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If you don't find a way to make money while you sleep, you will work until you die.
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it's a good idea to review past mistakes before committing new ones.
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
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It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.
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Too often, a vast collection of possessions ends up possessing its owner.
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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