Did you hear about the guy who put all his eggs in one basket?

Turns out he’s not very good at carrying baskets.

Luckily, in investing, concentrating your eggs in one basket may sometimes be a good idea—if you carefully manage the risk and bring in expertise to help mitigate your blind spots.

And I know - this goes against “Traditional Financial Advice” which CLEARLY says never to have more than 10% of your wealth in one asset. (And to be clear, I DON’T disagree with this!) It’s just … while that’s great advice for preserving wealth, ask any wealthy person how they got where they are and the answer is often concentration.

Concentrating your time, energy, and money on one big opportunity can build wealth—but it’s risky. If things don’t go as planned, the consequences can be significant. Here’s how to manage it:

✔️ Be confident in your decision.

✔️ Have a plan to protect yourself if things go wrong.

Concentration builds wealth. Diversification preserves it. The key to success is knowing when to shift focus from one to the other.