Warren Buffett answer a question about diversification on 1996

Warren Buffett answer a question about diversification at the 1996 Berkshire Hathaway annual meeting.

we think diversification is as practice, generally makes very little sense for anyone that knows what they're doing. They diversification is a protection against ignorance. I mean, if you want to make sure that nothing bad happens to you, relative to the market, you own everything, there's nothing wrong with that.

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