Great list - The quote from the great Charlie munger comes to mind however
‘Diversification is great for no-nothing investors’ - For 99% of people it’s the way to go but if you can spot trends, a basket of 3/4 winners can be all you need. Press when you find the edge
Charlie was all time. Buffet's secret weapon that wasn't such a secret! I always felt diversification was a sales patch to make it easier for Wall Street folk to get you to say yes
Great list - The quote from the great Charlie munger comes to mind however
‘Diversification is great for no-nothing investors’ - For 99% of people it’s the way to go but if you can spot trends, a basket of 3/4 winners can be all you need. Press when you find the edge
Charlie was all time. Buffet's secret weapon that wasn't such a secret! I always felt diversification was a sales patch to make it easier for Wall Street folk to get you to say yes
Haha exactly — a sales pitch directly to the amygdala, aimed at loss aversion and our discomfort with uncertainty
💯 exactly
Fear of missing out AND fear of loss, in the same pitch.
Absolutely brutal.