The $3 Billion Portfolio With Only 2 Stocks In It
This guy could care less about diversifying your portfolio
As I studied finance in college, everyone seemed to say the same thing…
Have a diversified portfolio
That advice carries its weight. If one of your stocks plummets, you have a few back-up stocks that can offset those losses.
The desire for a diversified portfolio is also the reason index funds have become popular investing choices. Almost every investor you know will have a diversified portfolio.
And then there are people like Ryan Cohen.
Ryan founded Chewy and ended up with $3.4 billion after the sale was complete. That’s more than enough for a person and their great-great grand children to live extravagantly.
Rather than create a diversified portfolio, Ryan Cohen decided to use his fortunes to buy into only two stocks…Apple and Wells Fargo.
In an interview with Business Insider, Ryan explained that he likes to go all-in on companies that he strongly believes in. Apple and Wells Fargo both happened to fit that bill.
While Wells Fargo has been in a slump for a while, Apple has continued soaring higher. Cohen’s also been on record to say that if Apple’s price tumbled enough in the short-term that he…