Money For The Rest Of Us

Warren Buffet said, "Diversification makes very little sense for anyone that knows what they’re doing." He also said, "Diversification is a protection against ignorance..." Most of us need that protection against ignorance, yet diversification often makes us feel bad when some of our holdings don't do as well as others. We make the case why we should diversify anyway.Topics covered:Warren Buffet says it's crazy to own more than 30 stocks, but Berkshire Hathaway owns 48 stocksWhat does it mean to analyze a businessHow have U.S. stocks performed relative to non-U.S. stocks long-termWhat has driven the outperformance of U.S. stocks and what has to happen for it to continueWhat are examples of diversification plays just in case the U.S. faltersFor more information on this episode click here.Show NotesWarren Buffett and Diversification—GrahamValue.comThe Complete Berkshire Hathaway Portfolio by John Divine U.S. NewsThe Business Cycle Is Different Than The Economic Cycle - Crestmont ResearchEU Natural Gas—Trad