re: "Diversification is protection against ignorance. It makes little sense if you know what you are doing."
Owen Lamont has a 2024 piece titled "Buffett’s bad advice", focused on diversification vs concentration, arguing that Buffet could have achieved even better results by diversifying. Lamont cites this paper by Frazzini, Kabiller, Pedersen, (2018), "Buffett's Alpha" (tandfonline.com, PDF link)
Owen Lamont has a 2024 piece titled "Buffett’s bad advice", focused on diversification vs concentration, arguing that Buffet could have achieved even better results by diversifying. Lamont cites this paper by Frazzini, Kabiller, Pedersen, (2018), "Buffett's Alpha" (tandfonline.com, PDF link)
Statistics: Posted by pseudoiterative — Sun Oct 19, 2025 7:37 pm — Replies 186 — Views 120858