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success starts with one thing Focus yet in today's world it feels like focus is becoming a rare commodity investing as we've discussed before is more of an art than a science you're not going to achieve the same results as the legendary investors by merely copying their portfolios however you can certainly apply some of their powerful techniques to your advantage ever felt stuck in your Investments frustrated ated with too many side projects wondering why your Investments haven't taken off this video is just for you how to take control in an age where distractions are everywhere from social media feeds to endless news Cycles maintaining focus is more challenging than ever but don't let this overwhelm you successful investors and entrepreneurs are known for their exceptional Focus instead of juggling multiple projects they zero in on a few that can make a significant impact look at Jeff Bezos with Amazon or Mark Zuckerberg with Facebook their success stems from their laser sharp focus on a single Venture so how can you Channel this Focus to enhance your investing strategy start by listing all your projects and ranking them based on how much satisfaction they bring you if you love what you do it won't feel like work next rank these projects by their earning potential if it doesn't make money it's just a hobby focus on the project with the highest score remember this is an investing video so let's apply this principle to investing why investors concentrate Warren Buffett and Charlie Munger are prime examples of this strategy in action they keep their investment portfolios concentrated allowing them to closely monitor a few key companies for instance Burkshire Hathaway's investment in apple is a textbook example of focused investing by the end of 2023 Berkshire hathway held about a 6 % stake in Apple worth $174 billion representing nearly 40% of its total value this investment was four times larger than berkshire's next biggest holding Buffett's bet on Apple has been highly rewarding since 2016 this investment has appreciated over 620 and birkshire Hathaway earns roughly $ 789.3 million annually in dividends from Apple the takeaway legendary investors understand the power of concentration keep all your eggs in one basket but watch that basket closely Warren Buffett still skeptical let's consider Phil Fischer's influence on Buffett fiser advocated for owning shares and a few outstanding companies rather than spreading Investments thinly fer portfolios often included fewer than 10 companies with a significant portion concentrated in just a few Buffett applies this principle Beyond investing as well birkshire Hathaway owns several businesses outright each managed by experts in their fields this setup allows Buffett to focus on investing and his managers to concentrate on their respective businesses Buffett doesn't encourage over diversification isn't diversification safer diversification is safer if you're satisfied with average returns but if you aim to outperform the market you need to focus on a few well researched Investments diversification loses its impact after about 15 to 20 stocks more doesn't necessarily reduce risk it just limits your potential returns as Ray doio explains in his book principles adding Investments with different risk correlations improves a portfolio's quality up to a point Beyond 15 20 good uncorrelated return streams additional Investments offer diminishing returns this highlights the importance of in-depth research and understand standing over mere diversification conclusion never own more than 20 stocks at one time for those picking individual stocks a focused investing strategy is crucial the five principles of focused investing offer a straightforward guide in-depth research and understanding thorough research and understanding of a select few Investments are essential concentrated portfolio build a concentrated portfolio with carefully chosen Investments long-term Horizon adop opt a long-term perspective conviction and discipline maintain strong conviction and discipline in your Investments risk management emphasize effective risk management apply these principles to your investing strategy and watch your focus and returns sharpen
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