Go All In: Put Yours Eggs In One Basket
You have probably heard the saying, “don’t put all your eggs in one basket.” But the greatest investor of all time, Warren Buffett, disagrees. In fact, Buffett is notorious for saying, “put all your eggs in one basket and then watch the basket very carefully.” He has also said very openly that, “diversification is a protection against ignorance.”
Furthermore, Andrew Carnegie who led the expansion of the American steel industry in the late 19th century and who is often identified as one of the richest people in history said, “put all your eggs in one basket.” Here are Mr. Carnegie’s exact words as he addressed the students of Curry Commercial College in Pittsburg, Pennsylvania:
“The concerns (businesses) which fail are those which have scattered their capital, which means they have scattered their brains also. They have investments in this, or that, or the other, here, there, and everywhere. Don’t put all your eggs in one basket is all wrong. I tell you, put all your eggs in one basket and then watch that basket! Look around you and take notice; men who do that do not often fail. It is easy to watch and carry the one basket. It is trying to carry too many baskets that break most eggs in this country. He who carries three baskets must put one on his head, which is apt to tumble and trip him up. One fault of the American business is lack of concentration.”
Those who have hit it big and I mean really big did not do so by diversifying. They went all out, all in with intense concentration. They narrowed in on their desires and eliminated their confusions. Jim Rogers, who is an American businessman and financial commentator based in Singapore said this about diversification:
“Diversification is something that stockbrokers came up with to protect themselves so they wouldn’t get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn’t diversify. The way to get rich is to put all your eggs in one basket but watch that basket very carefully and make sure you have the right basket.”
100% or 50%?
Look at it this way, what’s more effective, what do you think is going to reap a better result?
You going all out, giving 100% of everything you do, 100%, of your time, energy, and effort, towards the thing that you desire—towards your dream. Or you giving about 50%, being half-in half-out, and diversifying your time, energy, and effort because you don’t have the confidence in yourself to make it work. What do you think is going to get you a better result? Undoubtedly the first one, right? So then I ask you this question once more, why not go all out?
100% of you is better than 50% of you. Go all in, all out, with intense focus and have the belief that things will go your way. Nothing worth having comes easy, so if you really want it, if you really want to achieve & receive anything you want then 50% and a half-ass effort is NOT going to cut it. If you don’t go all out and give 100% towards your dream and the life you want to live then someone else gladly will. You have one life to become all that you can, give it your best shot.