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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

A public-opinion poll is no substitute for thought.

A public-opinion poll is no substitute for thought.

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...

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...

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...

It's better to hang out with people better than you. Pick out associates whose behavior...

It's better to hang out with people better than you. Pick out associates whose behavior...

You only have to do a very few things right in your life so long...

You only have to do a very few things right in your life so long...

If a business does well, the stock eventually follows.

If a business does well, the stock eventually follows.

You do things when the opportunities come along. I've had periods in my life when...

You do things when the opportunities come along. I've had periods in my life when...

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...

There seems to be some perverse human characteristic that likes to make easy things difficult.

There seems to be some perverse human characteristic that likes to make easy things difficult.

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.

If past history was all there was to the game, the richest people would be...

If past history was all there was to the game, the richest people would be...

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...

Time is the friend of the wonderful company, the enemy of the mediocre.

Time is the friend of the wonderful company, the enemy of the mediocre.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

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...

Beware of geeks bearing formulas.

Beware of geeks bearing formulas.

Our favorite holding period is forever.

Our favorite holding period is forever.

I just think that - when a country needs more income and we do, we're...

I just think that - when a country needs more income and we do, we're...

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...