In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, challenges the conventional wisdom of diversification in investing. He introduces the concept of "de-worsification," arguing that spreading investments too thin across various assets can lead to lower overall returns. Ross emphasizes that while diversification is often promoted as a safe strategy, it may dilute potential gains. He cites Warren Buffett's preference for a bumpy 16% return over a smooth 12%, highlighting the benefits of focusing investments for greater returns. Tune in to learn how to break free from old money habits and take control of your financial future.

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Timestamps

[00:00:00] Introduction

[00:01:02] De-worsification in investment strategies.

[00:05:03] Concentrated stock portfolio strategy.

[00:06:39] Business vs. stock picking.

[00:10:30] Investing in China's market.

[00:12:40] Investing in undervalued China.