Wide diversification is only required when investors do not understand what they are doing.

Quote by Warren Buffett

Topics: Warren Buffett Quotes

Risk is a part of God's game, alike for men and nations.

Risk is a part of God's game, alike for men and nations.

When you combine ignorance and leverage, you get some pretty interesting results.

When you combine ignorance and leverage, you get some pretty interesting results.

Price is what you pay. Value is what you get.

Price is what you pay. Value is what you get.

Wall Street is the only place that people ride to in a Rolls Royce to...

Wall Street is the only place that people ride to in a Rolls Royce to...

Of the billionaires I have known, money just brings out the basic traits in them....

Of the billionaires I have known, money just brings out the basic traits in them....

In the business world, the rearview mirror is always clearer than the windshield.

In the business world, the rearview mirror is always clearer than the windshield.

We enjoy the process far more than the proceeds.

We enjoy the process far more than the proceeds.

I always knew I was going to be rich. I don't think I ever doubted...

I always knew I was going to be rich. I don't think I ever doubted...

Price is what you pay.Value is what you get.

Price is what you pay.Value is what you get.

There are 309 million people out there that are trying to improve their lot in...

There are 309 million people out there that are trying to improve their lot in...

The first rule is not to lose. The second rule is not to forget the...

The first rule is not to lose. The second rule is not to forget the...

You see many stars at night in the sky but find them not when the...

You see many stars at night in the sky but find them not when the...

Risk is a part of God's game, alike for men and nations.

Risk is a part of God's game, alike for men and nations.

We always live in an uncertain world. What is certain is that the United States...

We always live in an uncertain world. What is certain is that the United States...

When a management with a reputation for brilliance tackles a business with a reputation for...

When a management with a reputation for brilliance tackles a business with a reputation for...

I think the most important factor in getting out of the recession actually is just...

I think the most important factor in getting out of the recession actually is just...

Why not invest your assets in the companies you really like? As Mae West said,...

Why not invest your assets in the companies you really like? As Mae West said,...

It takes 20 years to build a reputation and five minutes to ruin it. If...

It takes 20 years to build a reputation and five minutes to ruin it. If...

You can't build a reputation on what you intend to do.

You can't build a reputation on what you intend to do.

I wrote the story myself. It's about a girl who lost her reputation and never...

I wrote the story myself. It's about a girl who lost her reputation and never...