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Strategies & Market Trends : Fundamental Value Investing

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From: bruwin3/30/2008 4:50:07 AM
   of 4719
 
BUFFETT QUOTES.

Thought I'd add two for the 500th. post ....

"The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors.
We disagree. 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." - 1993 Chairman's Letter to Shareholders.

AND ...

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