If you're a "know-nothing" investor, the late Charlie Munger said, then diversification is a smart move—but if you've done your research, diversification could work against you, limiting your returns.

Speaking on the Acquired podcast in 2025, Ballmer recalled a candid exchange during a country club Q&A session in Los Angeles, where Munger didn't hold back. "Steve, you know, I'm wondering why you ...

Charlie Munger and Warren Buffett, the legendary duo behind Berkshire Hathaway, have long been celebrated for their ability to consistently outperform the S&P 500. Their success, as Munger once ...