Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETTWhen people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
More Warren Buffett Quotes
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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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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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The most important thing to do if you find yourself in a hole is to stop digging.
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Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.
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Our favorite holding period is forever.
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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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Writing a check separates a commitment from a conversation.
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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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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Ignore the stock market, ignore the economy, and buy a business you understand.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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I never invest in anything that I don’t understand.
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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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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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
WARREN BUFFETT