Why Diversifying Your Portfolio Feels So Awful
Money For the Rest of Us
Introduction
Diversification is a protection against ignorance. If you want to make sure that nothing bad happens to you relative to the market, you own everything. There's nothing wrong with that for somebody that feels like they don't know how to analyze businesses. Warne buffet at the 19 96 shareholder meeting for berkshire, hathaway said, we think diversification as practice generally makes very little sense for anyone that knows what they're doing. Incidentally, i looked berkshire currently owns forty eight stock so more than buffets 30 that he thought was crazy to own. But in buffet's defence, the portfolio is very concentrated. The top ten holdings make up 85 % of berkshire
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