To me, the holy grail in investing isn’t being diversified. It’s finding things where it is a good idea to be UNDIVERSIFIED. I’d take 5 businesses which are undervalued, over the index any day.
Well, for sure. If only.
The holy grail is diversifying assuming market efficiency.
Andrew, I’ve never heard this emerging school of thought you name and I’m interested in it. Do you have any link or author you can name? Thanks in advance!