A Quote by William O'Neil

Over-diversification is a hedge for ignorance. — © William O'Neil
Over-diversification is a hedge for ignorance.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.
It's important to Russia to be able to attract capital and to attract technology to develop their oil fields, their oil and gas fields, many of which suffer from lack of access to the very best technologies. And it's also important, and this has been the US government's view to have diversification of supply, diversification of supply roots and, of course, diversification in terms of alternative energy.
Ignorance is not bliss. Ignorance is poverty. Ignorance is devastation. Ignorance is tragedy. And ignorance is illness. It all stems from ignorance.
I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.
When I was 23, 24, I started covering hedge funds - a lot of this was luck - when no one else did. This was before hedge funds were the prettiest girl in school: this was pre-nose job and treadmill for hedge funds, when nobody talked to them - back then, it was just all about insurance companies and money managers.
Percy looked at Coach Hedge and Frank. “A trap?” “Probably,” Frank said. “She’s not mortal,” Hedge said, sniffing the air. “Probably some kind of goat-eating, demigod-destroying fiend from Tartarus.” “No doubt,” Percy agreed. “Awesome.” Hedge grinned. “Let’s go.
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Insider trading by hedge funds has a long and distinguished history, dating to the days when people didn't know that there was such a thing as a hedge fund.
I've always been a big believer in diversification for anybody. It's never good to put all of your efforts and all of your time and all of your financial resources into just one project. Diversification is key for any individual and any business.
It's definitely much harder to run a hedge fund today than it used to be, in my opinion. That's because there are more hedge funds to compete with.
I like to think of my best moment on the job as quiet victories. Victories over what? Over the "system", over the various bureaucracies not watching me, over my colleagues' indifference, over my patron's ignorance, over the very concept of horn-blowing pride.
The poetry of earth is never dead When all the birds are faint with the hot sun, And hide I cooling trees, a voice will run From hedge to hedge about the new-mown mead.
It is a virtue to admit ignorance when you don't know, but not to wallow in ignorance as an end in itself. People say if we don't believe god is watching over us, we abandon morality. Are they right?
I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.
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