The dose makes the poison

I think it was Charlie Munger who, during a recent Berkshire annual shareholder's meeting, used the word 'diworsification', originally coined by Peter Lynch in his book 'One Up in Wall Street'. Someone once called Munger the world's richest stand-up comedian, and I must say that his use of the word incorporates not just wit but a great deal of investing wisdom.

This article was originally published on August 30, 2023.