Warren Buffett was wrong. Here's why.
Warren Buffett is the most successful investor of all time. He also gave some advice that is objectively bad. Warren Buffett claims that all you need are 6 stocks in your portfolio, if you know what you're doing. He claims that diversification preserves wealth, while concentration creates it. Today we'll look into that claim and show you why it's false for most investors. Not only is diversification a great way to hedge against black swan events, it's also a great way to avoid pitfalls. Even the best investors pick duds from time to time. Imagine if you, at home in your underwear on a…
The skinny
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