Jim Rogers on Diversification in 2017

"I know that people are taught to diversify . But diversification is just that's something that brokers came up with, so they don't get sued," Jim Rogers said. "If you want to get rich... You have to concentrate and focus," he says. "The expression on Wall Street is, don't put all of your eggs in one basket. Ha! You should put all of your eggs in one basket. But be sure you've got the right basket and make sure you watch the basket very , very carefully."


"If you don't get it right, you're going to lose everything. But if you get it right, you're going to get very rich. And, by the way , don't think it's easy getting it right. It's not easy . It takes a lot of insight and work and everything else. But, if you get it right, you'll be very rich."

Read more at:
http://economictimes.indiatimes.com/articleshow/55972720.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : If you want to make a lot of Money, resist Diversification

Jim Rogers : "If you want to make a lot of money, resist diversification. Brokers promote the motion that everybody should diversity. But that is mainly to protect themselves. The way to get rich is to find what is good, focus on it, and concentrate your resources there." - in Street Smarts


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Diversification is garbage : Jim Rogers

Jim Rogers, chairman of Rogers Holdings: Diversification is garbage -- it's something brokers invented to avoid getting sued. You only need four or five good ideas in your life to get really rich if you avoid mistakes. And the one way to avoid mistakes is to stick with what you know. Then, when you see a major development in your area of expertise, you'll know better than Wall Street when to buy or sell.

Source : The Washington Post