Everyday 2.7 billion men grow whiskers. We invest internationally by investing in U.S.-based companies that successfully manage these additional international risks. Many investors underestimate the value of a few good investments. The Wisdom Fund says that a concentration of investments is better than diversification. The major problem with diversification is that by its very definition, the more you diversify, the more likely you will equal the market.
Diversification is ignorance.
You don't know for sure which investments will make or lose money, and you can't afford to lose money, so you diversify. Concentration is wisdom . You only invest in a few widely respected companies. You outperform the market because you haven't diversified to represent the market. The Wisdom Fund is an investment for those who enjoy their sleep.