RT David Weisburd 🚀: "The reason why you diversify is because you don't have conviction.” — @APompliano Anthony’s framework: • 46 companies cre...
Anthony Pompliano argues that diversification stems from a lack of conviction, citing data that 46 companies created 50% of all stock market wealth since 1925. He notes that the biggest winners are rarely obvious at first, and that selling great assets too early is often a bigger mistake than buying the wrong ones.
Background
- Anthony Pompliano ("Pomp") is a prominent crypto investor and founder of Pomp Investments, widely followed in tech/finance Twitter circles. David Weisburd is a venture capital investor who runs the 10x Capital podcast.
- Pompliano is making a classic "concentrated vs. diversified" investing argument: that massive returns come from a tiny fraction of outlier assets (the 46 companies stat), and that spreading your money too thin (diversification) is an excuse for lacking real conviction.
- The underlying debate — diversification as prudent risk management vs. concentrated bets as the only path to life-changing wealth — is a long-running tension in both traditional stock-picking and crypto/venture capital.
- The clip is from Weisburd's podcast, where Pompliano elaborates on these ideas. The timestamp/URL format suggests this is a older post (the tweet ID corresponds to ~2018) being re-shared, but the ideas remain influential in current VC/crypto discourse.