09-11-2019, 07:53 AM
I guess the answer is: Whatever amount you feel comfortable owning.
I might be wrong but I'm fairly certain Charlie Munger said one only needs to hold up to three stocks lol...I vaguely remember him saying that at one of the shareholder meetings I attended. I do know that WB said diversification is for people who don't know what they're doing--he also said diversification keeps one safe while concentration will make one extremely wealthy--MAN--with either advice one better not make ANY mistakes. WB also said buy an Index fund and forget it.
I might be wrong but I'm fairly certain Charlie Munger said one only needs to hold up to three stocks lol...I vaguely remember him saying that at one of the shareholder meetings I attended. I do know that WB said diversification is for people who don't know what they're doing--he also said diversification keeps one safe while concentration will make one extremely wealthy--MAN--with either advice one better not make ANY mistakes. WB also said buy an Index fund and forget it.