BILL ACKMAN : Do Not Diversify Your Portfolio #MelbourneInvestors #InvestingInMelbourne #RealEstateM

you want to make high rates of return over a long period of time

it's hard to do that being very diversified i mean if you look through the forbes four hundred

wealthiest people in the world

most of them

made their fortune in one business

or portfolio of two businesses very few made an import folio one hundred so it's

it's that and the other benefit it allows you to run a much simpler

investment firm we have an eight person investment team

if we had

thirty names we couldn't

manage that portfolio the way we do with a small team by using a small team you can hire better

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