Reported about 10 hours ago
Warren Buffett has long criticized the need for diversification among professional investors, arguing that focusing on top-performing assets, like one’s best player in a game, makes more sense. However, for average investors lacking the time and resources Buffett has, a well-diversified portfolio through passive index funds can mitigate risks and ensure stability in a volatile market. While Buffett maintains a concentrated stock portfolio, he also highlights the importance of diversification for everyday investors to protect against market fluctuations.
Source: YAHOO