Warren Buffett is one of the most significant and influential figures in the investment world. This is confirmed by the following fact: for the last 55 years shares of Buffet’s holding have risen by 2,744,062%.
Buffett has never supported portfolio diversification, which novice investors are taught to do in the first place. “Diversification makes little sense to those who know what they’re doing,” he argues. Buffett’s opposition to portfolio diversification, however, isn’t just lip service.
$91 billion of Berkshire Hathaway’s $213.6 billion in assets is now in Apple stock. That makes up nearly half of his funds. The second place in the investor’s portfolio is occupied by Bank of America: Berkshire Hathaway owns its securities for $22 billion.
