In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, challenges the conventional wisdom of diversification in investing. He introduces the concept of "de-worsification," arguing that spreading investments too thin across various assets can lead to lower overall returns. Ross emphasizes that while diversification is often promoted as a safe strategy, it may dilute potential gains. He cites Warren Buffett's preference for a bumpy 16% return over a smooth 12%, highlighting the benefits of focusing investments for greater returns. Tune in to learn how to break free from old money habits and take control of your financial future.Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.comFollow Lloyd:https://www.instagram.com/lloydjamesross/?hl=enhttps://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=auhttps://www.facebook.com/5stepstomillions/https://www.tiktok.com/@lloydjrosshttps://x.com/lloydjamesrossTimestamps[00:00:00] Introduction[00:01:02] De-worsification in investment strategies.[00:05:03] Concentrated stock portfolio strategy.[00:06:39] Business vs. stock picking.[00:10:30] Investing in China's market.[00:12:40] Investing in undervalued China.

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