Michael Lathigee Explains Diversification: What It Is and What It Is Not

Michael Lathigee Explains Diversification: What It Is and What It Is Not Diversification is the financial industry’s catch-all investment strategy for every possible situation and it is a strategy that has been abused beyond belief. The way diversification... More

Michael Lathigee Explains Diversification: What It Is and What It Is Not Diversification is the financial industry’s catch-all investment strategy for every possible situation and it is a strategy that has been abused beyond belief. The way diversification is practiced these days is more like Diworsification. Let me explain. Mike Lathigee says “the general idea of diversification is sound: You don’t want to put all your money into just one investment. ” In fact, Warren Buffet used diversification to carefully build his investment empire. But over the years, this strategy has mutated into a mutual fund-based, fee generating machine better at lining the pockets of financial professionals than enhancing the client’s investments. Ouch! I can practically hear jaws hitting the floor in investment firms worldwide, but it’s too late to be gentle. The secret is out. For too long small investors have been systematically ripped off by incorrect application of this strategy. The common sen Less