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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Another sage word from Mr. Buffett is: Over the long term, the stock market news will be good. In the 20th century, the United States e...
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Another quote I quite like from Mr. Warren Buffett is: Diversification is a protection against ignorance. It makes very little sense ...
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Another quote I quite like from Mr. Warren Buffett is: Keep all your eggs in one basket, but watch that basket closely.
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