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If you can, don't diversify
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Diversification is the price of ignorance – Warren Buffet. ​ Well… many recommend diversification, it is simply a protection against their ignorance… but it gives results. ​ Only a fraction of investment funds performs better than the reference index in a year. Only a handful during a constant period of 10 years. ​ ​ Buffett has a different financial strategy. He doesn’t diversify. He is not an average investor. He focuses. He looks for a great business at a great price. He doesn’t buy a lot of businesses and pray one of them does well. He doesn’t want average returns, or to play the stock market. He likes to control the company but not run the company. ​ I try to do the same. ​ I’m not in the game of diversification anymore. But focus and control. Searching. Buying things at good prices. Get control. Improve it. And let experts to run it for me. That allows me the time to move to the next deal. ​ If you want to know more about this, I recommend you the link below. ​
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
You know that working 8 hours a day for over 40 years straight, just to retire and finally enjoy “the life of your dreams” in the last stage of your life has never been my cup of tea. My goal is not the Lambo. It’s not drinking overpriced wine… and obviously not New Zealand red wines. I just want to own my time. That’s it. Some people call this financial freedom. You know that I read about the subject. Forums, blogs, books, and… from time to time I did it on social media. Yes… it was a time...
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