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DAILY WALL STREET WISDOM · #012
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Wide diversification is only required when investors do not understand what they are doing.
🇺🇸Warren Buffett
CEO, Berkshire Hathaway
WHO SAID IT

🇺🇸 Warren Buffett

CEO, Berkshire Hathaway

See $BRK.A Stock →
WHAT IT MEANS

If you deeply understand a few businesses, concentrating your portfolio can lead to superior returns. Over-diversification dilutes your best ideas and is often a hedge against ignorance rather than a strategy.

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