On today’s episode, we’ll discuss both of these concepts in depth and how they can impact wealth building. Perhaps the rules for diversification have changed and a new strategy is prevailing… or not.
Topics Discussed:
- An analogy that explains the case for diversification.
- The biggest downside to diversification.
- What Warren Buffet says about diversification and why he says it.
- What we can learn from the “Magnificent 7.”
- The importance of perspective when making investment decisions.
- What it means to seek “maximum return.”
- How to determine successful returns.
- The problems that come with timing the market.
Resources Mentioned:
Tags
diversification, risk assessment, mitigating risk, reducing risk, ER docs and tech, ER doctors, ER docs, emergency doctor, financial planning, financial plan,
