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TIP546: The Holy Grail of Long-Term Value Investing
We Study Billionaires - The Investor’s Podcast Network
The Dynamic Art of Portfolio Management
The efficient market hypothesis keeps many investors from even trying to find inefficiencies. Munger has stated that academics have done a terrible disservice to intelligent investors by glorifying the idea of diversification. Diversification is touted as reducing both risk and volatility. Although a diversified portfolio indeed may reduce your overall level of risk, it also may correspondingly reduce your potential level of reward.
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