The pundit's advice is usually centered around the idea of DIVERSIFICATION of your finances which is a wealth protection strategy. NOT A GROWTH STRATEGY.
This statement has made my day. I've now learnt the difference between protection strategy and growth strategy in growing ones business.
To me both works for each person that believe in them respectively. For one to survive in Real Estate business, then you have to put all your eggs in one basket because you need more capitals to buy properties.
Warren Buffet "the oracle of Omaha" is quoted as saying, "When you are just getting started, you have to put all your eggs in one basket and guard that basket".
I totally agree with him in the sense that new business or ventures requires total concentration and not distractions. One needs to first make an indepth study about the venture he or she wants to go into before putting all the eyes in one basket.
Thanks for sharing my dear friend.
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