Step 8 of the 12-Step Program teaches the difference between systematic and unsystematic risk, how concentrating stocks in a portfolio doesn't pay, and why it's better to own thousands of companies instead of just a few.
Step 8 of the 12-Step Program teaches the difference between systematic and unsystematic risk, how concentrating stocks in a portfolio doesn't pay, and why it's better to own thousands of companies instead of just a few.