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Diversification, A Free Lunch?
Investment The benefits of diversification are well known and form the foundation of portfolio management. However, there are some very vocal voices arguing against diversification such as-surpirse-Warren Buffett. He argues that a focused investment approach is the best way to build wealth. But that's easy for a billionaire guru to say. But to the author, diversification is the main reason the small retail investor can really build wealth over time-if they can keep their hands off the nest egg.
