Diversification…

Jim Rogers – “The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.”

Warren Buffett – “Wide diversification is only required when investors do not understand what they are doing.”

Jim Rogers – “Diversification is something that stock brokers came up with to protect themselves, so they wouldn’t get sued for making bad investment choices for clients”

Warren Buffett – “Diversification is a protection against ignorance. It makes very little sense to those who know what they are doing.”

Charlie Munger – “Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results”

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