Charlie Munger: Anti Diversification

Diversification is taught by everyone as key to success but watch this video to learn why Charlie Munger disagrees.

[Ferzhq]

berkshire is a diversified company, they own 50 stocks, have a big railroad investment, heavy in insurance and other brands and have lots of cash on hand

[shankarbalakrishnan]

There are certain laws that dont change

[BU.Lefty]

Anti diversification but is well diversified.

[MalvinderKaur-ex]

This is what i wanted to say about ad nauseum uploads of this bullionaire that billionaire is that with all due respect to their made life, there is nothing much beyond that got done by them for the very societies they made wealth from, they are blind to pressing issues problems of systems which they all helped created and their own generational lifestyles cushy provided handed down from earlier till now, so disconnected to realities of actual lives below executive wages... I just watch all of them sometimes to see whether some spark of genuine social conscience has awaken in them or not, with that my interest in them ends firmly.