15% Of Israel Englander's $240 Billion Millennium Portfolio Sits in Just 10 Stocks
Diversification is the name of the game for this billionaire investor.
Overview
Warren Buffett once said, "Diversification is protection against ignorance. It makes little sense if you know what you are doing." I suspect that one of his fellow billionaires might disagree.
Israel "Izzy" Englander runs Millennium Management. The hedge fund's portfolio includes a staggering 5,622 holdings. But that large number could be somewhat misleading. Roughly 15% of Englander's $240 billion Millennium portfolio is invested in only 10 stocks.
Israel "Izzy" Englander. Image source: Getty Images.
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Source
Originally published at www.fool.com.
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