I think you should take this into consideration too: What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected: You dont have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
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Mr. Buffett's Advice Me Centered
He was so clever coming up with this too: Assiduity is the ability to sit on your ass and do nothing until a great opportunities presen...
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I think about this quote a lot too: We believe that a policy of portfolio concentration may well decrease risk if it raises, as it sh...
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I hold this quote from Mr. Buffett dear to my heart as well: Honesty is a very expensive gift, dont expect it from cheap people.
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Another sage word from Mr. Buffett is: By the age of 10, Id read every book in the Omaha public library about investing, some twice. ...
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