"The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock."

5 likes

Source: Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. February 27, 2009.

About the author

Warren Buffett

Investor, Businessman

Warren Buffett is a renowned investor and philanthropist known for his value investing philosophy and leadership at Berkshire Hathaway.

All quotes by Warren Buffett →

Same author

More quotes by Warren Buffett

See all →
Warren Buffett Investor, Businessman

"Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two."

Read quote
Warren Buffett Investor, Businessman

"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."

Read quote