I didnt respond before to your posts and may have misunderstood your intent. I am not familiar with the 2 stocks you used but I thought you were referring to buying a diversified company like Berkshire versus buying companies like JNJ, and Phizer.LAJ wrote: ↑30 Nov 2017 13:27 I guess I have misconstrued the concept and the thread direction then. I don't recall anyone limiting stocks in a diversified portfolio to "large cap" stocks. I guess that reinforces my admitting to be an un-sophisticated investor. I also apologize for not being able to explain my use of BAM and CSH as a "type" of stock (already widely diversified versus focused) rather than the specific stock.
Like not being sure how buying a Berkshire would fit into a portfolio of 10-20 stocks that you were trying to diversify by sector, geography etc unless you had a separate sector for conglomerates.
I suppose Fairfax, Onex, Power are possible Cdn examples more people might be familiar with.