Ben Felix | The Cost of Investment Hubris @BenFelixCSI | Uploaded December 2023 | Updated October 2024, 8 hours ago.
Warren Buffett has famously said that "diversification is a protection against ignorance" and that it "makes very little sense for anyone that knows what they're doing."
This quote is often used as an argument against diversified investment strategies, but the thing is, Warren Buffett was probably not talking about you when he referred to people who know what they’re doing.
If you think that you are included in Buffett’s group of “people who know what they’re doing” you may have investment hubris, which can cost you in the long-run.
References: zbib.org/785fcdc083604e7797e7036a9c8d3c10
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Warren Buffett has famously said that "diversification is a protection against ignorance" and that it "makes very little sense for anyone that knows what they're doing."
This quote is often used as an argument against diversified investment strategies, but the thing is, Warren Buffett was probably not talking about you when he referred to people who know what they’re doing.
If you think that you are included in Buffett’s group of “people who know what they’re doing” you may have investment hubris, which can cost you in the long-run.
References: zbib.org/785fcdc083604e7797e7036a9c8d3c10
------------------
Follow Ben Felix on
- Twitter: twitter.com/benjaminwfelix
Visit Rational Reminder: rationalreminder.ca
Join the Rational Reminder Community: community.rationalreminder.ca
Follow the Rational Reminder on:
- Twitter: twitter.com/RationalRemind
- Instagram: instagram.com/rationalreminder
Visit PWL Capital: pwlcapital.com
Follow PWL Capital on:
- Twitter: twitter.com/PWLCapital
- Facebook: facebook.com/PWLCapital
- LinkedIn: linkedin.com/company/pwl-capital
You can find the Rational Reminder podcast on
Google Podcasts:
google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
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