Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETTI do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
More Warren Buffett Quotes
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It’s only when the tide goes out that you discover who’s been swimming naked.
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Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.
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A public-opinion poll is no substitute for thought.
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I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
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Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
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Other guys read Playboy. I read annual reports.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
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If past history was all that is needed to play the game of money, the richest people would be librarians.
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It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
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Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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When you combine ignorance and leverage, you get some pretty interesting results.
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The rich invest in time, the poor invest in money.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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Risk comes from not knowing what you’re doing.
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If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
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Never ask a barber if you need a haircut.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Successful Investing takes time, discipline and patience.
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Diversification may preserve wealth, but concentration builds wealth.
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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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You can’t make a good deal with a bad person.
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I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
WARREN BUFFETT