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If you are a professional and have confidence, then I would advocate lots of concentration.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Concentration
Professional
Lots
Confidence
Would
Advocate

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My idea of a group decision is to look in the mirror.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
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The value of a business is the cash it's going to produce in the future.
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I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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You can't make a good deal with a bad person.
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The dumbest reason in the world to buy a stock is because it's going up.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
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The key to life is to figure out who to be the batboy for.
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Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
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Risk can be greatly reduced by concentrating on only a few holdings.
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There is nothing like writing to force you to think and get your thoughts straight.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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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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I always invest in companies an idiot could run, because one day one will.
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