Why diversification is for the ignorant?
Update: 2020-08-13
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if you are an investor you might have heard this word called diversification from time to time. Diversification is allocating your money in different assets such a way that it reduces your investment's exposure to risk. sounds good right? yeah!. but why did Warren Buffet, The Oracle of Omaha say "Diversification is protection against ignorance and It makes little sense if you know what you are doing" well, what did he mean by that? we will explain it in this episode.
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