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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
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Life
Wide
Risk
Knowing
Diversification
Wrong
Buffets
Comes
Investors
Many
Required
Long
Investing
Things
Ignorant
More quotes by Warren Buffett
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Warren Buffett
Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
Warren Buffett
Let blockheads read what blockheads wrote.
Warren Buffett
It is madness to risk losing what you need in pursuing what you simply desire.
Warren Buffett
If you don't know the Jewelry, know the Jeweller
Warren Buffett
In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
Warren Buffett
In the end we must have people to match our principles, not the reverse.
Warren Buffett
Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
Warren Buffett
If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.
Warren Buffett
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Warren Buffett
If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
Warren Buffett
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
If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
Warren Buffett
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Warren Buffett
Is management candid with the shareholders?
Warren Buffett
Good big decisions do not take time at all, if they do you are in trouble.
Warren Buffett
If you don't know jewelry, know the jeweler.
Warren Buffett
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett
We enjoy the process far more than the proceeds.
Warren Buffett
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
Warren Buffett
