Warren Buffett often says that he doesnt want a lot of diversification in his portfolio He says that diversification means buying stocks that go up along with stocks that go down but he only wants to buy the stocks that go up From the point of view of the typical investor, what is wrong with this r...

Buffetts advice might be good advice if you are a stock market genius but it ...

Warren Buffett often says that he doesnt want a lot of diversification in his portfolio. He says

Question:

Warren Buffett often says that he doesn’t want a lot of diversification in his portfolio. He says that diversification means buying that go up along with that go down; but he only wants to buy the that go up! From the point of view of the typical investor, what is wrong with this reasoning?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...