3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP398: Wisdom from the Greatest Investors w/ William Green

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Concentration Makes You Rich, but Diversification Makes Sure You Stay Rich

There's a tension between the benefits of concentration and diversification. Joe greenblat in his early career had maybe 80 % of his money in six to eight stocks. Bill ruan ran, i remember, many years ago, for you're listeners who don't know bill ruin,. He shut down his limited partnerships in the sixties when the market was massive overvalued.

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