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Strategies & Market Trends : Value Investing
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From: Paul Senior2/25/2021 5:47:00 PM
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sjemmeri

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finance.yahoo.com

Charlie Munger: It's 'absolute insanity' to think owning 100 stocks instead of five makes you a better investor"

Well, that's the title grabber. In the article the quote actually is:

'Diworsification'. Munger observed that in the wealth management space “a lot of people think if they have 100 stocks they're investing more professionally than they are if they have four or five."

“I regard this as insanity. Absolute insanity,” Munger said.
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Not quite the same as the title says. "Investing more professionally" === I'm not sure what that means.

If the argument is that people in the wealth management space are better owning 4-5 stocks (that they know a lot about) vs 100 or more (that they can't know as well), I will once again have my different opinion.

I quote my guru: According to John Templeton: “The only investors who shouldn't diversify are those who are right 100% of the time.” Maybe that is Charlie Munger. Maybe a few others. Not the rest of us though, imo.
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