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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

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.

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...

Only when the tide goes out do you discover who's been swimming naked.

Only when the tide goes out do you discover who's been swimming naked.

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

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

The smarter the journalists are, the better off society is. [For] to a degree, people...

The smarter the journalists are, the better off society is. [For] to a degree, people...

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...

We simply attempt to be fearful when others are greedy and to be greedy only...

We simply attempt to be fearful when others are greedy and to be greedy only...

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...

Value is what you get.

Value is what you get.

Your premium brand had better be delivering something special, or it's not going to get...

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...

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...

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,...

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

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

I don't look to jump over 7-foot bars: I look around for 1-foot bars that...

I don't look to jump over 7-foot bars: I look around for 1-foot bars that...

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.

Only buy something that you'd be perfectly happy to hold if the market shut down...

Only buy something that you'd be perfectly happy to hold if the market shut down...

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.

How can I believe in God when only last week I got my tongue caught...

How can I believe in God when only last week I got my tongue caught...

Today I love myself as I love my god: who could charge me with a...

Today I love myself as I love my god: who could charge me with a...

There is nothing in the world so wonderful as to love and be loved; there...

There is nothing in the world so wonderful as to love and be loved; there...