Tuesday, September 23, 2008

I can't be involved in 50 or 75 things.

"I like the fact it's a big transaction. I can't be involved in 50 or 75 things. That's a Noah's Ark way of investing - you end up with a zoo that way. I like to put meaningful amounts of money in a few things."

[Warren Buffett in Wall Street Journal, September 30, 1987, shortly after Berkshire's $700 million investment in Salomon]

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