Why Charlie Munger Hates Diversification
Channel: Impactful
Date: 2019-04-15

The living legend Charlie Munger gives his best advice on diversification, and why you should wait until you have a knowledge edge before investing, and when you are sure that you have a winner, bet BIG. JP Morgan might have 1000 stocks, but that doesn't mean you should, or that it is the best strategy. Charlie Munger himself is invested in Berkshire Hathaway, Costco, Lilu's investment firm and a few smaller positions, he is not broadly diversified, but beats the market year after year. 

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