- Vitalik Buterin criticized the advice to “be careful with diversification” as terrible and gave four financial recommendations for investors.
- He emphasized the importance of diversification, saving, being conservative with most of one’s portfolio, and avoiding leverage exceeding 2x.
Vitalik Buterin, co-founder of Ethereum, expressed his disagreement with the advice to “be careful with diversification” and offered four financial tips for investors. In a tweet, Buterin stated that diversification is beneficial, saving is essential to achieve financial security, being conservative with the majority of one’s portfolio is advisable, and leverage should not exceed 2x. He shared these recommendations in response to a post by blogger Alex Voigt, who mentioned how Warren Buffett’s advice on diversification impacted Bill Gates’ fortune. It is worth noting that Buterin has previously discussed his views on techno-optimism and the potential risks of artificial intelligence to humanity.