Anthony Scaramucci Explains Why Warren Buffett's Apple Bet Shows Diversification Can Be Overrated: 'Don't Trade Michael Jordan For...'

Anthony Scaramucci, the founder of SkyBridge Capital, shared his thoughts on diversification, advising investors not to diversify if they are right.

Scaramucci: Don't Trade Apple Or Bitcoin For Mediocrity

Scaramucci, on his YouTube channel, used the example of Warren Buffett‘s investment in Apple Inc. (NASDAQ:AAPL) to explain his point. Scaramucci pointed out that when Apple became 50% of Buffett’s portfolio, he didn’t rush to diversify. Instead, he held onto his position, refusing to trade it for several smaller investments in the name of diversification.

“You don’t trade Apple for four scrubs and call it diversification,” Scaramucci remarked.

Scaramucci used a basketball analogy to ...

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Anthony Scaramucci Explains Why Warren Buffett's Apple Bet Shows Diversification Can Be Overrated: 'Don't Trade Michael Jordan For...'

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