The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.
Warren BuffettToo often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Warren BuffettThe stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren BuffettThere is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether the manager is handling one thousand dollars or one billion dollars) is not being operated logically. The addition of the one hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation.
Warren Buffett