Quote #51

'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.'

More from Warren Buffett

  1. 'The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be r…
  2. 'If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, th…
  3. 'The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a…
  4. 'You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound…
  5. 'I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you Genera…
  6. 'I'd be a bum on the street with a tin cup if the markets were always efficient.'
  7. 'We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.' - 1998 Berkshire Hathaway Annua…
  8. 'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.'

All Warren Buffett quotes