Billionaires Say You Shouldn’t Diversify Your Investments, Here’s Why…

“Diversification is for idiots.” That’s what Mark Cuban says. Warren Buffett and Charlie Munger aren’t big into diversifying either. And Elon Musk’s $72,525,136,387 stock portfolio consists of two positions: Tesla and Twitter.

Why do billionaires generally dislike diversification?

And should you build a super-concentrated portfolio too?

Here’s the truth…

Two Billion-Dollar Advantages

When you buy a stock, you’re purchasing it through a major market exchange. Any information you have on the business generally comes second-hand. Maybe from YouTube or a financial website. But, you aren’t sitting down and to have lunch with the CEO.

When billionaires buy stocks, they’re able to meet with management and analysis proprietary information.

In many of their old interviews, investors like Warren Buffett and Carl Icahn will talk about going to a company’s headquarters or meeting with executives.

If there was a company where you could call the CEO whenever the stock dipped, you’d probably go “all-in” as well.

Secondly, many billionaires are not buying common stocks. They’re acquiring special, “preferred shares” that…