REUTERS/Bobby Yip
Owning a mix of assets is an “Investing 101” way to minimize risk.
But oddly enough, Jim Rogers is not a fan of diversification.
Diversifying beyond about 30 securities doesn’t bring any additional benefits in reducing overall portfolio risk.
Diversification is generally considered one of the basic tenets of investing and financial planning. Owning a mix of assets, ideally with a low correlation – including, stocks, bonds, real estate and gold, for example – is Investing 101.
That is… unless you’re one of the world’s most famous investors. Jim Rogers, who I’ve written about recently (see here, here and here), is not a fan of diversification…See the rest of the story at Business Insider
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