The export of oil, the export of minerals, will for many decades continue to be a critical part for the growth of African economies. The emphasis is on diversification. We have for many years - not just in South Africa but in many parts of the continent - spoken about beneficiation. And I think part of the secret, in relation to beneficiation, is you have got to make it attractive, profitable for the private sector - and it will take off. You may have to look at mechanisms like tax concessions. . . You will not have to worry about beneficiation if it makes commercial sense.
Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.
I think we are seeing a radical shift in the business in general. The studios are making much more of the real big extravaganzas and there are other kinds of films that are coming out. I think you are going to begin to see more diversification that we've seen in the past.
The Berkshire-style investors tend to be less diversified than other people. The academics have done a terrible disservice to intelligent investors by glorifying the idea of diversification. Because I just think the whole concept is literally almost insane. It emphasizes feeling good about not having your investment results depart very much from average investment results. But why would you get on the bandwagon like that if somebody didn't make you with a whip and a gun?
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U. S. real estate. We got here by lending money, and putting money to work in the U. S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
Diversification and globalization are the keys to the future.
Career diversification ain't a bad thing.
Over-diversification is a hedge for ignorance.
I like multinational companies. They may have 40 to 60 percent of their engines of growth in the United States, but I do like the diversification of being more global.
I believe in diversification of income, because you never know what will happen. I'm a slightly paranoid person who thinks things could be ruined at any time.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
I started digging and found that Israel signed a peace treaty with the United Arab Emirates after the country had diversified their economy, instead of being solely oil-based. This diversification had brought about modernization. I realized that if you land the price of oil, countries will diversify their economies and as a result, modernize.
If you want to make a lot of money, resist diversification.
I think it's a promising time which will show a lot of diversification that we've seen in the past.
Diversification is an established tenet of conservative investment.
Wide diversification is only required when investors do not understand what they are doing.
In a large congregation, while there is a wide diversification of interest, it is also true that there are only a few basic human problems. It must also be taken into consideration that people are people regardless of who they are or what their backgrounds may be. There are certain deep universal appeals to human interest and to these human nature always responds.
We can no longer let the threat of an early frost send a chill of fear throughout a large portion of our workforce. Diversification is the only answer.
The idea of excessive diversification is madness.
Diversification is your buddy.
