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You've most likely heard of diversification and rebalancing as good ways to reduce risk in your portfolio. But some of the best investors in the world don't agree with those.

Warren Buffett is against diversification and calls it a protection against ignorance.

However, prominent investors like Ray Dalio and most financial advisors advocate diversification and similar risk management strategies.

The reason for these opinion differences is that risk is defined differently by different investors.

​In today's episode, I want to introduce you to the real definition of risk and give you a practical approach to reducing it regardless of whether you are in camp Warren or agree with Ray Dalio and most financial advisors.

Let's talk about it!

00:00 Uber's fundamental analysis

01:26 What's Portfolio Risk

05:04 How to Reduce Risk In Your Portfolio

#investing #portoflio #risk

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