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Quotes on Diversification

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Quote Authors

Benjamin Graham, Bernard Baruch, Charles Ellis, Charlie Munger, Chuck Akre, Daniel Kahneman, David Abrams, Dean Williams, Edward Thorp, Edwin Lefevre, Fred Schwed Jr, Henry Singleton, Hetty Green, Howard Marks, Joel Greenblatt, John Bogle, John Kenneth Galbraith, John Maynard Keynes, John Stuart Mill, John Templeton, Meir Statman, Myron Scholes, Peter Bernstein, Peter Lynch, Philip Carret, Philip Fisher, Richard Thaler, Robert Shiller, Seth Klarman, Stanley Druckenmiller, Walter Schloss, Warren Buffett,

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The addition of the one-hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation.
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Warren Buffett
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Diversification is protection against ignorance, but if you don’t feel ignorant, the need for it goes down drastically.
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Warren Buffett
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If you really know businesses, you probably shouldn’t own more than six of them. If you can identify six wonderful businesses, that is all the diversification you need and you’re going to make a lot of money.
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Warren Buffett
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If you are not a professional investor, if your goal is not to manage money in such a way so you get a significantly better return than the world, then I believe in extreme diversification.
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Warren Buffett
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Rather than own a little bit of everything, we have always tended to place our eggs in a few dozen baskets and watch them closely.
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Seth Klarman
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I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one or two of 'em go up big time, you produce a fabulous result.
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Peter Lynch
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Diversification of risk matters not just defensively, but because it maximizes returns as well, because we expose ourselves to all of the opportunities that there may be out there.
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Peter Bernstein
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Diversification is a safety factor that is essential because we should be humble enough to admit we can be wrong.
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John Templeton
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I view diversification not only as a survival strategy but as an aggressive strategy, because the next windfall might come from a surprising place.
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Peter Bernstein
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The only time you're really diversified is when you have assets you don't want to own.
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Peter Bernstein
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I think diversification and all the stuff they're teaching at business school today is probably the most misguided concept everywhere.
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Stanley Druckenmiller
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There are huge advantages for an individual to get into a position where you make a few great investments and just sit back. You're paying less to brokers. You're listening to less nonsense.
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Charlie Munger
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