Diversification
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
"Diversification is for the know-nothing investor; it’s not for the professional." - Charlie Munger
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
"Diversification is for the know-nothing investor; it’s not for the professional." - Charlie Munger
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Trading is both, the easiest thing to do and also the most demanding thing you've ever done in your entire life. It can ruin your life, your family, and everything you touch if you don't respect it, or it can change your life, your families, and give you a feeling that is hard to find elsewhere if you succeed.
