如果你只需要达到平均水平，分散化投资可能会保住你的饭碗，但在我们看来，这也是在承认自己并不是真正了解自己投资的企业。我可以挑选出我们投资的三个企业，假设我们仅仅投资了这三家，我也会非常高兴。当然，如果有好企业我也愿意继续投资。如果一辈子能发现并投资三家好企业，对个人来说就算成功了，一般人做不到这一点。
You know, if all you have to achieve is average, it may preserve your job. But it's a confession in our view that you don't really understand the businesses that you own. I could pick out three of our businesses and I would be very happy if they were the only businesses we own. I love it the fact that we can find more than that and that we keep adding to it. But three wonderful businesses is more than you need in this life to do very well and the average person isn't going to run into that.
内容节选自1996年巴菲特股东大会
