Charlie Munger said diversification is a good thing, but at a point it can start to be bad and he just puts it a little bit more bluntly. I think that was kind of his point there is knowing what you don't know. And when you see something, when you know this is just outside of your circle, you have two choices. You can choose to dig into it and try to learn more or you can say, "My time is better served getting a little bit smarter"
When Warren Buffett speaks, investors and Wall Street tend to listen.
(00:21) Jason Moser discusses: - Berkshire Hathaway's 1st-quarter results and highlights from the annual meeting - Buffett's comments about Apple and the banking industry - Charlie Munger's warning about over-diversification
(9:51) In a segment that originated in the Motley Fool Live videostream, Jim Gillies shares observations from his trip to Omaha for the Berkshire Hathaway annual meeting with Nick Sciple and Deidre Woollard. The three discuss whether value investing is actually harder for Buffett and Munger than it is for average investors.
Companies discussed: BRK.A, BRK.B, AAPL, TSE: HCG
Host: Chris Hill Guests: Jason Moser, Nick Sciple, Jim Gillies, Deidre Woollard Producer: Ricky Mulvey Engineers: Dan Boyd
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