Warren Buffett Speaks About Diversification

Warren Buffett talks about diversification in this video. So, he says that you should diversify if your goal is not to beat the markets and you are not an experimented investor. Most people should be invested in index funds and not trade. You need only six best ideas, few people got rich because of a seventh best idea. Warren says that he would put 50% in his single best idea. He does not diversify in his personal account.

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