When Diversification Means You Don’t Know What You’re Doing

Warren Buffet once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.”1 In other words, within the vast universe of stocks and bonds, why buy a grab bag of both winners and losers, if you can identify the winners and just pick those? Mr. Buffet has… Continue reading When Diversification Means You Don’t Know What You’re Doing