Kirby Smart Quotes

I have always been very diversified, so I have never suffered a catastrophic loss. I spread my money around the way a large institutional investor does. I use different brokerage firms. I manage some of my accounts myself.

I like not to feel that all my eggs are in one basket, or I get nervous.

I'm investing. I'm taking a lot of bitcoin, selling it as the price goes up, and putting it into real estate. Because then if bitcoin goes to zero - which, it's an experiment, it could - I won't be on the street.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Optimization tells us precisely how to diversify the portfolio, whether I should have 12% in semiconductors or 4% in biotech, etc., and it literally tells me how to diversify not only the industry groups but the stocks.

One way to mitigate our risk is to invest in companies with understandable business models.

Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.

In my day job, I worry non-stop about making wise investments for long-term gains.

We aren't going to let our first investment be the best.

I invest in funds myself even though I run my own fund for my daughters.

The beauty of diversification is it's about as close as you can get to a free lunch in investing.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.

I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio.

The way to become rich is to put all your eggs in one basket and then watch that basket.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the other ideas relative to that.

Investing should be dull. It shouldn't be exciting.

People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to do.

I haven't changed any of my investments since I've been in the Senate and haven't purchased any stocks since I've been in the Senate.

The important thing in investing is to be true to your compass.

Never underrate the importance of asset allocation.

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.

You just have to approach every day and say, 'If you were starting fresh today, what would my portfolio look like?' So that's how we think about it.