Diversification and the Circle of Competence
Diversification and the Circle of Competence
(via joecit.com)
The pros and cons of creating a focused portfolio versus a diversified portfolio and discussed.
The pros and cons of creating a focused portfolio versus a diversified portfolio and discussed.
I had read Joe's post before
I had read Joe's post before heading over here. A very bright man said that diversification was not in how many securities you held, but in the margin of safety and confidence you had in them.