The Joseph Carlson Show cover image

Episode 319 - Buffett: This Is Way Better Than Any Of Our Companies

The Joseph Carlson Show

CHAPTER

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner