“Why look for the needle in the haystack? Buy the haystack!”
John Bogle, CEO ,The Vanguard Funds, arguing the case for index-tracking funds
“Diversification may preserve wealth, but concentration builds wealth.”
“Diversification is a hedge for ignorance. I think you are much better off owning a few stocks and knowing a great deal about them.”
William J. O’Neil, author of ‘How to Make Money in Stocks’
“As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that ...