1.4. Warren Buffett often says that he doesn't want a lot of diver ification in his portfolio....

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1.4. Warren Buffett often says that he doesn't want a lot of diver ification 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 stock that go up! From the point of view of the typical inve tor, what is wrong with this reasoning?

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Modern Principles Microeconomics

ISBN: 9781429239998

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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