warren buffett diversification quote

  • Warren Buffet

    Warren Buffett, Who Railed Against Diversification, Has These 10 Stocks That Make Up 87% Of His Portfolio

    Warren Buffett's favorite 10 Stocks Make Up 87% of Oracle of Omaha's Wall Street Portfolio because he doesn't believe in diversification.

    Conventional financial advice states that people should diversify their investments to protect against risk. However, Warren Buffett famously proclaimed, “Diversification is protection against ignorance. It makes little sense if you know what you’re doing.” The Oracle of Omaha believes that…