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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

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.

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...

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

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,...

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.

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.

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.

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...

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...

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...

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...

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...

Let blockheads read what blockheads wrote.

Let blockheads read what blockheads wrote.

You know, people talk about this being an uncertain time. You know, all time is...

You know, people talk about this being an uncertain time. You know, all time is...

Value is what you get.

Value is what you get.

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...

The only time to buy these is on a day with no y in it.

The only time to buy these is on a day with no y in it.

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...

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...