Charlie Munger, Vice President of Berkshire Hathaway and business partner of Warren Buffett, discusses diversification in a stock portfolio. Munger believes that investors should not over diversify their portfolio. He views stocks as partial ownership stakes in businesses and that a business person that owns a few businesses would be diversified in their holdings. This strategy has been used personally by Munger as the majority of his wealth is concentrated in Berkshire Hathaway stock. This original question took place in February 2019.
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Warren Buffett Reading List:
The Intelligent Investor - [ Ссылка ]
The Warren Buffett Way - [ Ссылка ]
Common Stocks and Uncommon Profits - [ Ссылка ]
The Outsiders - [ Ссылка ]
Business Adventures - [ Ссылка ]
Where are the Customers’ Yachts? - [ Ссылка ]
The Little Book of Common Sense Investing - [ Ссылка ]
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