The bottom line is this: Cash, in modest increments, has a role in any portfolio. But unless you are Warren Buffett, you should limit it to 2 or 3 percent.
Trying to pick individual stocks is a trap. I can't do it. Warren Buffett can, but hardly anyone else can beat the indexes over a long period of time.
The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.
When Warren Buffett invests in a company, he is conferring upon that company something very unique: his credibility.
I admire people like Warren Buffett that are donating so much money to charity.
Like my friend Warren Buffett, I feel particularly lucky to do something every day that I love to do. He calls it 'tap-dancing to work.'
I think any statement about stock prices is always suspect unless it's made by Warren Buffett.
With Kickstarter, people are patrons of the arts. With Mosaic, people can be clean-energy investors like Warren Buffett.
Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.
I'm so tired of talking about Warren Buffett.
