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TIP654: Investing Across the Life Cycle w/ Aswath Damodaran
We Study Billionaires - The Investor’s Podcast Network
Diversify Across the Life Cycle
Owning a larger number of companies increases the likelihood of including long-term winners in your portfolio. Concentrating investments in only a few companies limits potential success, as investors must be extremely confident in those specific companies' futures. Furthermore, diversification should extend beyond sectors to include companies at various life cycle stages—young, mature, growing, and declining. This approach helps mitigate risk and provides coverage against market fluctuations. Even when incorporating declining companies, it's crucial to consider how they can still generate expected returns if managed wisely.
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