Question: In relation to unrelated diversification, Warren Buffet once stated diversification is a protection against ignorance. It makes littel sense if you know what you are

In relation to unrelated diversification, Warren Buffet once stated "diversification is a protection against ignorance. It makes littel sense if you know what you are doing. He has also stated that "diversification may preserve wealth, but concentration builds wealth."

In 6-8 sentences explain what you think Warren Buffet means by these quotes and whether or not you would agree.

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