He says that diversification means buying stocks that go up


Warren Buffett often says that he doesn't want a lot of diversification in his portfolio.

He says that diversification means buying stocks that go up along with stocks that go down; but he only wants to buy the stocks that go up!

From the point of view of the typical investor, what is wrong with this reasoning?

Request for Solution File

Ask an Expert for Answer!!
Dissertation: He says that diversification means buying stocks that go up
Reference No:- TGS02626934

Expected delivery within 24 Hours