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Diversification is protection against ignorance. If you know what you own, you don't need to own fifty things.
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The best business is one that almost runs itself and keeps getting more valuable. Find those businesses and do nothing.
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Warren told me to start the fund. I trusted his judgment. Thirty years later I'm still glad I did.
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Patience is not passive. It is active discipline applied over time.
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The market will give you your price eventually. The question is whether you can wait long enough without flinching.