Diversification, not speculation

Producer: So, how’s it going?

Greg Davis: It’s going well, it’s going well. It’s all fun and games (laugh).

Question (on-screen): What investing advice would you give to your younger self?

Greg Davis: The investing advice I’d give to my younger self would be to understand diversification and the importance of it. The reality is, when I first started investing, the idea was to buy the best stock that you thought had a lot of potential that would generate outsized returns. But the reality is, putting all your chips on one stock is a very dangerous way to invest, and it’s not really investing—it’s speculating. And so diversification is critically, critically important.