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 should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as the possibility of loss or injury.
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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 quote I quite like from Mr. Warren Buffett is: In a bull market, one must avoid the error of the preening duck that quacks bo...
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Another quote I quite like from Mr. Warren Buffett is: Weve long felt that the only value of stock forecasters is to make fortune tel...
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Another quote I quite like from Mr. Warren Buffett is: Imagine that you had a car and that was the only car youd have for your entire...
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