tips from Warren Buffet

Nice
advice.jpg
 
On Investment: Warren would say
"Keep all your eggs in one basket, but watch that basket closely."

His stock investment is highly concentrate and targeted...
if you identify a superior business why throw money on mediocre one just to be diversified? doesn't make sense
 
Note: I've read everything I can get my hands on about Wazza for years.

Two points re: the picture.

1. It's spelled 'Buffett' with two 't's' not one.
2. None of those quotes seem even remotely familiar to me with having been stated by him.
 
Charles Munger is more about the concentrated portfolio than Wazza, Munger reckons he'd be happy with 3 stocks and consider that a diversified portfolio. BRK's size is such now that it can't help but be diversified across lots of businesses.
 
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