I find that we’re pretty hardwired to think about worst case scenarios and try to plan for them. From an investment strategy perspective, we’re taught to diversify our portfolio. However, at this point in your early life, you have relatively low levels of risk to diversify away. So why diversify? To quote Andrew Carnegie, “Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket.” As a young person who knows what you want to go after early on in your career, go after it with laser focus.
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