Kevin O'Leary diversification investing advice
kevin o'leary says greed is the biggest obstacle to diversification. he kept crypto at 20% of his portfolio and trimmed other overweight positions. that discipline saved him when the market went wild.
Transcript (en)
The most important thing in life and investing is the concept of diversification. It has really saved my hiney in the last couple of years. You know, I could have gotten much deeper into crypto, didn't happen. I forced the discipline at 20% as the sector. Remember that? Remember all that? And then I trimmed those positions. I'm not just talking crypto. So other things that I was involved in, I said, this is too much of my net worth. I'm going to make a change. And I'm going to, and then the market did crazy stuff. And because I sold some stuff, put it into other stuff, I've enjoyed a much better outcome. Because I, you know what stops you from being diversified? Greed. Greed. You always think, I'm so right. I'm going to bet the farm on this thing. And you're never right. Because karma comes and spanks you like a baby seal.
