"Diversification is a protection against ignorance. It's a confession (in our view) that you don't really understand the business that you own."
per Warren Buffet
"Diversification is a protection against ignorance. It's a confession (in our view) that you don't really understand the business that you own."
per Warren Buffet
He is right. Look at the Bloomberg Billionaire Index. Most of the top 25 (if not 50), you can identify with a company. They put their eggs in one basket and tended to it.
That's true. They go with just one to a few and then keep building it. It's like "all or nothing"
Diversification is the Key for sure
On the contrary, Buffet thinks otherwise :)