| We’re taught by our professors and society that diversification is the smartest way to invest. Mark Cuban, Charlie Munger, and Warren Buffett warn against the conventional wisdom in the finance world and encourages individuals to do rigorous research before making any investment decision. If you wish not to do so then yes, investing in an index fund may be right for you. |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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