Answer:
In my opinion one of the good reasons for investing in more than just Industries you're familiar with is to invest certain Unfamiliar industries which may yield higher returns than the industries you know.
Step-by-step explanation:
In my opinion one of the good reasons for investing in more than just Industries you're familiar with is to invest certain Unfamiliar industries which may yield higher returns than the industries you know.
The reason is that unfamiliar industries which may not have been exposed well, may actually be better performers in terms of generating greater return on investment and yielding better profit. Certain unfamiliar industries may have a promising business plan, competitive team, and industry standard financial infrastructure which may lead to generate a decent returns in future.
Although it should be better to investigate and have a deep research on those unfamiliar industries in terms of getting familiar with the business plan, financial history, reputation, discipline, future expectations based on history and past performance, and team portfolios of those unfamiliar companies. Warren Buffett has been a great fan of properly investigating industry's business financial plan, and consistency before making a mind to properly invest.
Therefore, investing in more than just Industries you're familiar with may be better option as unfamiliar industries might be better performers than the industries you're familiar with, depending upon a promising business plan, competitive team, and industry standard financial infrastructure which may lead to generate a decent returns in future.
Keywords: investment, business
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