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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

We enjoy the process far more than the proceeds.

We enjoy the process far more than the proceeds.

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...

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...

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 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...

Let blockheads read what blockheads wrote.

Let blockheads read what blockheads wrote.

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.

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...

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...

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...

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 believe that according the name 'investors' to institutions that trade actively is like calling...

We believe that according the name 'investors' to institutions that trade actively is like calling...

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.

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...

Look at market fluctuations as your friend rather than your enemy; profit from folly rather...

Look at market fluctuations as your friend rather than your enemy; profit from folly rather...

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...

I buy expensive suits. They just look cheap on me.

I buy expensive suits. They just look cheap on me.

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...

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...