We all know that diversification can help you protect your portfolio from volatility. But if you want to maximize your returns, you have to be willing to invest with conviction.
One proponent of this philosophy is renowned investor Phil Fisher, who wrote one of the investing world’s most respected books, Common Stocks, Uncommon Profits. He also popularized the concept of “scuttlebutt,” whereby an investor digs for the inside story on a company by talking with employees, customers, suppliers, and others who have unique views on businesses.
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