Dividend Investing: To Diversify Or Not To Diversify

If it's your game, diversification doesn't make sense. It's crazy to put money into your 20th choice rather than your 1st choice. It's the 'LeBron James' analogy. If you have LeBron James on your team, don't take him out -Warren Buffett Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients - Jim Rogers Wide diversification is only required when investors do not understand what they are doing.- -Warren Buffett The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket. - Jim Rogers Diversification is a hedge for ignorance.-William O'Neil As I've been reading the articles on SA and as I've been developing my own investment plan and philosophy I have been struggling with the question of diversity. How... Read more