Financial Diversification Quotes

When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.

I'm invested in a lot of battery companies - and there's a lot that exists I'm not in.

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

Church wealth are moving into everything-gas stations, banks, television stations, supermarket chains, hotels, steel mills, resort areas, farms, wine factories, warehouses, bottling works, printing plants, schools, theaters-everything you could conceivably think of that has nothing to do with religion, they are moving into big. They're even coming in as stockholders in the big oil companies, and the Bank of America is almost entirely owned by the Catholic Church.

I don't see what else you can spend your money on... If you want to own things, art is a pretty good bet.

Nowadays, with the state of the music business, for any artist, whether you're up-and-coming or you've been in it for awhile, you have to explore different revenues and different ways of expressing yourself.

The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform.

A lot of coaches get involved in a lot of different things - car dealerships and restaurants and all kinds of things. I've never really done that.

When we're in a peak, we make a ton of money, and as soon as we make a ton of money, we're desperately looking for a way to spend it. And we diversify into areas that, frankly, we don't know how to run very well.

I'm just trying to diversify my portfolio and put myself in a position so when I do retire, the options are limitless.

I've had this opportunity to get some of my financing out of Europe, which has helped tremendously, so I'm not completely dependent on the studio system or on U.S. financing.

I think that not relying too heavily on one bank and one bank manager is a good rule to learn.

I made money. What am I gonna invest in? Stocks? No. I'm going to invest in music.

Sometimes, when there's too much traffic clogging up the road you need to take a different route. But following the same path as everyone else can stall your progress in reaching your investment goals too.

The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is when China shifted from having almost 100 percent of its reserves in dollars to 75 percent. Some countries went completely out of the dollar. The dollar, for all intents and purposes, lost its special reserve status and people starting talking about a portfolio, or basket, approach as a store of wealth instead of the dollar.

At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.

I personally make sure that some of my investments are in foreign securities or in international commodity portfolios that are independent of the US dollar. But that's a personal preference. I do not invest in currencies because it's so complicated and so risky. I would not attempt that without excellent professional help.