Reported 6 days ago
Valuation guru Aswath Damodaran has sparked discussion by challenging Charlie Munger's long-held belief that diversification is for 'idiots' during a recent CNBC appearance. Munger favored concentrating investments, arguing that those who can select winning stocks should not dilute their portfolio. In contrast, Damodaran highlighted the risks of over-concentration in a single stock, advocating for a balanced approach that safeguards against potential losses while ensuring a strategic investment methodology, especially for less experienced investors.
Source: YAHOO