Do not put all your eggs in one basket.
Interpretation
Diversification is crucial to minimize risk.
This quote suggests that one should not concentrate all their resources or efforts in one area, as this increases the risk of total loss. By spreading investments or efforts across different areas, one can protect themselves from significant failures and enhance their chances of success.
In practice
In a financial seminar, to emphasize the importance of diversifying investments.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
A man is crazy who writes a secret in any other way than one which will conceal it from the vulgar.
A terrace nine stories high begins with a pile of earth.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Recognize negativism and inferiority attitudes as enemies - do not try to dress them as your friends. you will be tempted to look upon negativism as prudence and inferiorities as humility. Strip off those false cloaks and see these attitudes in their nakedness - as enemies of you and of your possibilities.
If I have ever made any valuable discoveries, it has been due more to patient attention, than to any other talent
Action will _x000D_ delineate and_x000D_ define you.
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