Private Banker

9 Legendary Quotes on Diversification

9Warren Buffett

” Wide diversification is only required when investors do not understand what they are doing “

8Robert Kiyosaki

” Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them “

7Bill Gross

” Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good investment ideas should not be diversified away into meaningless oblivion “

6John Neff

” Obsession with broad diversification is the sure road to mediocrity “

5Philip Fisher

” Investors have been so oversold on diversification that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about “

4Philip Fisher

” Don’t overstress diversification “

3Philip Fisher

” Buying a company without having sufficient knowledge of it may be even more dangerous than having inadequate diversification “

2Sir John Templeton

” In my 45-year career as an investment counselor, humility did show me the need for worldwide diversification to reduce risk. That career did help me to become more and more humble because statistics showed that when I advised a client to buy one stock to replace another, about one-third of the time the client would have done better to ignore my advice. In other endeavors, humility about how little I know has encouraged me to listen more carefully and more wisely “

1Sir John Templeton

” Diversify. In stocks and bonds, as in much else, there is safety in numbers “


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