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Charlie Munger: It’s ‘absolute insanity’ to think owning 100 stocks instead of five makes you a better investor – Yahoo Finance

Munger says the argument for diversification should be called ‘diworsification.’

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Were in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we revert to a pre-corona market situation. There is also inflation to take into…

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