Updated: Oct 15, 2020
Some time ago, I wrote a blog post critical of Warren Buffett's investment advice.
However, today's post deals with a person who actually does know how to give investment advice. Harry Markowitz, recepient of the Nobel Prize in Economics for Modern Portfolio Theory had this to say:
“Diversify,” Nobel-Prize winner Harry Markowitz once responded when asked how investors should approach the stock market. “And if I had to offer a second piece of advice, it would be: Remember that the future will not necessarily be like the past. Therefore we should diversify.”