Here are some quotes from Warren Buffett who became the richest man in the world. He obviously knows what he is doing that is why what he does is "focus-diversification." Not like among others who are so lazy to give time to increase their financial IQ who over-diversify and try to copy him.
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"Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing."
"I prefer to keep all my eggs in one basket and watch that basket closely."
“If you are a know-something investor, able to understand business economics and to find five to ten sensibly priced companies that possess important long-term competitive advantages, conventional portfolio diversification (broadly based active portfolios) makes no sense for you."
http://www.zdiaz.com/2009/03/what-is-the-best-portfolio-diversification-strategy/
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For those who do not want to be just amateur investors, invest more time in growing yourself and become the right person in business and investing.
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