Why do you need diversification?
Presenting 6 companies that used to be industry leaders at some point in time.

They were so-called "Quality" and "too big to fail" companies.
Fundamentals and Price is visible to all now.
As a retail investor, you can never fully understand the intentions and under the carpet issues of promoters and managers.
This is why you need to diversify.

1) A concentrated portfolio is a double-edged sword. If you are not experienced enough, it can cut you deep.
2) Today, you treat some stocks as JUNK may turn out to be multibaggers, and it all depends on the management intentions.
---- #InvestingUniversity