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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

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...

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 investor of today does not profit from yesterday's growth.

The investor of today does not profit from yesterday's growth.

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.

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...

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...

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

We enjoy the process far more than the proceeds.

We enjoy the process far more than the proceeds.

Risk comes from not knowing what you're doing.

Risk comes from not knowing what you're doing.

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...

Chains of habit are too light to be felt until they are too heavy to...

Chains of habit are too light to be felt until they are too heavy to...

I am quite serious when I say that I do not believe there are, on...

I am quite serious when I say that I do not believe there are, on...

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...

Chains of habit are too light to be felt until they are too heavy to...

Chains of habit are too light to be felt until they are too heavy to...

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.

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....

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...

It's far better to buy a wonderful company at a fair price than a fair...

It's far better to buy a wonderful company at a fair price than a fair...

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...