STREET DOGS: Diversification
Alternate views on diversification
Diversification is an established tenet of conservative investment — Benjamin Graham. Don’t overstress diversification … buying a company without having sufficient knowledge of it may be even more dangerous than having inadequate diversification … investors have been so oversold on diversification that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about — Philip Fisher. Do you like a particular stock? Put 10% or so of your portfolio on it. Good investment ideas should not be diversified away into meaningless oblivion — Bill Gross. Many financial advisers recommend you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most advisers cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them — Robert Kiyosaki. Diversify. In stocks and bonds, as in much else...
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