Put All Your Eggs in One Basket

29.09.2016 • Investing

From Vern Gowdie – The Gowdie Letter (Australia) –

Diversification is an established tenet of conservative investment.

— Benjamin Graham

Wide diversification is only required when investors do not understand what they are doing.

— Warren Buffett

Diversification is something that stock brokers came up with to protect themselves, so they wouldn’t get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn’t diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.

— Jim Rogers

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