All Quotes

# portfolio-construction — 3 quotes

PORTFOLIO-CONSTRUCTION

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Most portfolios are secretly betting on growth and low inflation. They just don't know it. True diversification means being prepared for everything.

diversificationportfolio-construction— Bridgewater research note, 2012
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Gold is not an investment. It is insurance against monetary disorder.

goldmacro— First Eagle shareholder letter, 2005
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Diversification is protection against ignorance. If you know what you own, you don't need to own fifty things.

concentrated-investingphilosophy— Sequoia Fund shareholder presentation, 1992