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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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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