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  • 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.
  • 5 years ago



    Tags : Warren Buffett Quotes , Business Quotes , Believe Quotes
  • None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."
  • 5 years ago



    Tags : Warren Buffett Quotes , Business Quotes , Mean Quotes
  • Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
  • 5 years ago



    Tags : Warren Buffett Quotes , Business Quotes , Imagination Quotes
  • A Morning Prayer The day returns and brings us the petty round of irritating concerns and duties. Help us to play the man; help us to perform them with laughter and kind faces, let cheerfulness abound with industry. Give us to go blithely on our business all this day. Bring us to our resting beds weary and content and undishonored and grant us in the end the gift of sleep.
  • 5 years ago



    Tags : Robert Louis Stevenson Quotes , Morning Quotes , Business Quotes
  • My business is to be talented, that is, to be capable of selecting the important moments from the trivial ones. . . . It's about time for writers - particularly those who are genuine artists - to recognize that in this world you cannot figure out everything. Just have a writer who the crowds trust be courageous enough and declare that he does not understand everything, and that alone will represent a major contribution to the way people think, a long leap forward.
  • 5 years ago



    Tags : Anton Chekhov Quotes , Business Quotes , Thinking Quotes