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by itchyouch
753 days ago
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Wealthy folks aren't diversified, because they have _control_ (and knowledge) over their particular investment (ie company founders). Stock investors do not have the luxury of control, thus they must diversify. And generally that's what the wealthy do. They go all-in on their own company, grow it to incredible returns, then use those returns to be invested in a diversified manner to grow further. Other stocks, realestate, angel investing, etc. Most of the billionaires are like this. Or if you're Warren Buffet, you invested in a diversified manner, because he didn't control the companies he owned. |
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you should check out Buffet's portfolio - he's not very diversified at all... If that was your portfolio someone would tell you you are nuts/gambler/...