Key insights
- The author discusses common investing adages and expresses disagreement with the quote 'Wide diversification is only required when investors do not understand what they are doing,' arguing that diversification can be a valid strategy even for informed investors. The post solicits opinions on other disagreeable investing quotes. This is a general discussion about investment philosophies and does not contain specific information that would directly influence the US equity market.
There are many great quotes, that can guide a mindset. I do like some common wisdom like:
"I think the worst mistake you can make in stocks is to buy or sell based on current headlines"
"If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes."
"Invest in as much of yourself as you can, you are your own biggest asset by far."
But some other quotes I relate less to. For instance, I cannot relate much to the following quote: "Wide diversification is only required when investors do not understand what they are doing." There are investors, and investors. People who can combine a diversified market exposure with some conviction picks after doing their homework absolutely know what they are doing.
What quotes have you heard or seen, with which you do not agree, or at least can't relate t ? This is intended to be a light thread, no controversies intended!