JIM ROGERS Chairman, Rogers Holdings while speaking on diversification has stated that diversification is garbage — it’s something brokers invented to avoid getting sued.
He further feels that one need four or five good ideas in your life to get really rich if you avoid mistakes.
He further added that way to avoid mistakes is to stick with what you know, whether it’s clothes or cars or commodities.
As an action time; when one sees a major development in one's area of expertise, one will know better than Wall Street when to buy or sell. Otherwise, you should put your money in the bank.
He further feels that one need four or five good ideas in your life to get really rich if you avoid mistakes.
He further added that way to avoid mistakes is to stick with what you know, whether it’s clothes or cars or commodities.
As an action time; when one sees a major development in one's area of expertise, one will know better than Wall Street when to buy or sell. Otherwise, you should put your money in the bank.
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