#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
**For diversification, own 10-12 stocks you understand. More is not needed. **
Owning 10-12 stocks that an investor comprehends well is sufficient for diversification. More stocks are not necessary as the majority of diversification benefits come from the initial 10-12 companies. It is advisable to invest in businesses with low debt that the investor can comprehend. Individual investors often outperform professionals when investing in companies they understand, such as Tesla. Starting with familiar businesses like Chipotle can be a strategic approach to stock analysis and monitoring.
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