Warren Buffett：Berkshire Hathaway 1988 Letter, Additional Excerpt 2

We continue to concentrate our investments in a very few companies that we try to understand well. There are only a handful of businesses about which we have strong long-term convictions. Therefore, when we find such a business, we want to participate in a meaningful way. We agree with Mae West: "Too much of a good thing can be wonderful."

Source： https://www.berkshirehathaway.com/letters/1988.html
Locator：1988 Chairman's Letter, additional excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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