Episode 319 - Buffett: This Is Way Better Than Any Of Our Companies
The Joseph Carlson Show
00:00
The Importance of Diversification
Charlie Munger calls the idea of diversification insane. Why would you invest in your worst ideas? In my case, I have nine positions that make up over 80% of my portfolio. Having a handful of really great companies is a superior way to invest than being heavily diversified.
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