--- title: "Meaning & Key Takeaway of: I don't think that a mutual fund that…" description: "\"I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety ..." image: "https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png" --- # I don't think that a mutual fund that invests exclusively… ![“I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.” quote by Ron Chernow](https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png) [Download](https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png) [Open image](https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png) > “I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.” [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investing solely in niche sectors like biotech or a single country lacks diversification and increases risk. **In simple terms:** Narrow investments are risky. Key Takeaway Diversify across sectors and regions. Themes investment risk diversification Mood cautious analytical Type financial educational When to use this quote - retirement planning - wealth building - risk management - investment strategy Key Concepts portfolio theory market concentration financial planning Questions to Reflect On - Do you understand your portfolio’s exposure? - How can you balance niche opportunities with safety? A Different Perspective Specialized funds can outperform if they have unique expertise. ★ ★ ★ ★ ★ No ratings yet [Biotech](https://sms4smile.com/quotes/about/biotech/) [Company](https://sms4smile.com/quotes/about/company/) [Customer](https://sms4smile.com/quotes/about/customer/) [Diversification](https://sms4smile.com/quotes/about/diversification/) [Investing](https://sms4smile.com/quotes/about/investing/) [Mutual fund](https://sms4smile.com/quotes/about/mutual-fund/) [Safety](https://sms4smile.com/quotes/about/safety/) [Thailand](https://sms4smile.com/quotes/about/thailand/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Polychain manages a hedge fund that invests exclusively in digital assets. We invest exclusively in protocols, not companies, and we do this by investing…](https://sms4smile.com/quotes/olaf-carlson-wee/polychain-manages-a-hedge-fund-that-invests-exclusively-in-digital/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [For investors who do want to speculate in high-yield bonds, one alternative may be a junk bond mutual fund, which can offer investors the…](https://sms4smile.com/quotes/alex-berenson/for-investors-who-do-want-to-speculate-in-high-yield-bonds-one/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [“I’m going to use my good old suitcase metaphor one more time: A mutual fund is like a suitcase that holds dozens—and often hundreds—of…](https://sms4smile.com/quotes/suze-orman/i-m-going-to-use-my-good-old-suitcase-metaphor-one-more-time-a-mutual/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.](https://sms4smile.com/quotes/ron-chernow/the-best-argument-for-mutual-funds-is-that-they-offer-safety-and/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund.…](https://sms4smile.com/quotes/ron-chernow/mutual-fund-managers-are-trapped-in-this-rather-deadly-vicious-circle/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move…](https://sms4smile.com/quotes/ron-chernow/i-think-those-who-invest-in-mutual-funds-want-someone-else-to-do-the/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.](https://sms4smile.com/quotes/ron-chernow/mutual-funds-have-historically-offered-safety-and-diversification-and/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.](https://sms4smile.com/quotes/ron-chernow/the-mutual-fund-industry-and-small-investors-are-very-relentless-and/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [In the biotech revolution, it is the human body, not iron or steel or plastic, that's at the source. Are the biocapitalists going to…](https://sms4smile.com/quotes/ellen-goodman/in-the-biotech-revolution-it-is-the-human-body-not-iron-or-steel-or/) [Ellen Goodman](https://sms4smile.com/quotes/author/ellen-goodman/) > [Martha Stewart denied allegations that she had been given inside information to sell 4,000 shares of a stock in a biotech firm. Stewart then…](https://sms4smile.com/quotes/dennis-miller/martha-stewart-denied-allegations-that-she-had-been-given-inside/) [Dennis Miller](https://sms4smile.com/quotes/author/dennis-miller/) > [Prince William County has emerged as a hub for the life sciences industry, offering the infrastructure, R&D assets, and talent to attract and retain…](https://sms4smile.com/quotes/glenn-youngkin/prince-william-county-has-emerged-as-a-hub-for-the-life-sciences/) [Glenn Youngkin](https://sms4smile.com/quotes/author/glenn-youngkin/) > [Business, life itself, is damned hard work if you wanna be good at it. Actually, that's precisely wrong. Business ceases to be work when…](https://sms4smile.com/quotes/tom-peters/business-life-itself-is-damned-hard-work-if-you-wanna-be-good-at-it/) [Tom Peters](https://sms4smile.com/quotes/author/tom-peters/) > [At this moment, glyphosate is the biggest threat. And because of its overuse, we are seeing the emergence of superweeds, which have grown resistant…](https://sms4smile.com/quotes/zoe-lister-jones/at-this-moment-glyphosate-is-the-biggest-threat-and-because-of-its/) [Zoe Lister-Jones](https://sms4smile.com/quotes/author/zoe-lister-jones/) > [Biotech crops are not a solution to solve hunger in Africa or elsewhere.](https://sms4smile.com/quotes/nnimmo-bassey/biotech-crops-are-not-a-solution-to-solve-hunger-in-africa-or/) Nnimmo Bassey > [Biotech 1.0 is slow, like a lab science, and Version 2.0 is more like computational sciences.](https://sms4smile.com/quotes/steve-jurvetson/biotech-1-0-is-slow-like-a-lab-science-and-version-2-0-is-more-like/) [Steve Jurvetson](https://sms4smile.com/quotes/author/steve-jurvetson/) ## More by Ron Chernow > [“In other words, Julia still believed in the beneficial effects of tobacco long after her husband had likely died from it. Even grimacing with…](https://sms4smile.com/quotes/ron-chernow/in-other-words-julia-still-believed-in-the-beneficial-effects-of/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Right before his inauguration, he received a Quaker delegation and asked them to nominate Indian agents from their members. “If you can make Quakers…](https://sms4smile.com/quotes/ron-chernow/right-before-his-inauguration-he-received-a-quaker-delegation-and/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Grant roomed with Fred Dent, who also singled out Grant as “the clearest headed young man I ever saw . . . He always wanted to do…](https://sms4smile.com/quotes/ron-chernow/grant-roomed-with-fred-dent-who-also-singled-out-grant-as-the/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [The richly cadenced prose is hypnotic, the research prodigious, the analysis acute, the mood spellbinding, and the cast of characters mythic in scale. I…](https://sms4smile.com/quotes/ron-chernow/the-richly-cadenced-prose-is-hypnotic-the-research-prodigious-the/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Hamilton has often been extolled as the exponent of a rational foreign policy based on cool calculations of national self-interest. But his April 14…](https://sms4smile.com/quotes/ron-chernow/hamilton-has-often-been-extolled-as-the-exponent-of-a-rational/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“While the folks at home embraced him as an improbable hero, Washington was denigrated in England as a reckless young warrior and in France…](https://sms4smile.com/quotes/ron-chernow/while-the-folks-at-home-embraced-him-as-an-improbable-hero-washington/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“the immorality of slavery became patently clear that spring. He had acquired from Colonel Dent the mulatto slave named William Jones who had worked…](https://sms4smile.com/quotes/ron-chernow/the-immorality-of-slavery-became-patently-clear-that-spring-he-had/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“As his life steadily unraveled, he pawned his gold watch and chain for $20 on December 23, 1857, to purchase Christmas presents for his…](https://sms4smile.com/quotes/ron-chernow/as-his-life-steadily-unraveled-he-pawned-his-gold-watch-and-chain-for/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Grant had overwhelmingly won the electoral vote, and had garnered the largest popular majority of the century, nearly 56 percent of the vote, the…](https://sms4smile.com/quotes/ron-chernow/grant-had-overwhelmingly-won-the-electoral-vote-and-had-garnered-the/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“The chief quartermaster on the West Coast, Robert Allen, an old friend of Grant’s, learned he was holed up in a cheap miner’s hotel…](https://sms4smile.com/quotes/ron-chernow/the-chief-quartermaster-on-the-west-coast-robert-allen-an-old-friend/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Returning to his Manhattan town house on Christmas Eve, Grant, sixty-one, pivoted to hand the driver a holiday tip when he slipped on the…](https://sms4smile.com/quotes/ron-chernow/returning-to-his-manhattan-town-house-on-christmas-eve-grant-sixty/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“When he bet Julia that she wouldn’t dare to descend into the mine, located seventeen hundred feet below, it roused her fighting spirit and…](https://sms4smile.com/quotes/ron-chernow/when-he-bet-julia-that-she-wouldn-t-dare-to-descend-into-the-mine/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“Consequential to the election outcome were the many private contacts in the capital between southern Democrats and Hayes’s northern Republican supporters. At Wormley’s Hotel…](https://sms4smile.com/quotes/ron-chernow/consequential-to-the-election-outcome-were-the-many-private-contacts/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“The trial wasn’t the finest hour of American justice as the treatment of the prisoners seemed medieval in its barbarism. Almost all of the…](https://sms4smile.com/quotes/ron-chernow/the-trial-wasn-t-the-finest-hour-of-american-justice-as-the-treatment/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) > [“he warned that progressive accumulation of debt “is perhaps the NATURAL DISEASE of all Governments. And it is not easy to conceive anything more…](https://sms4smile.com/quotes/ron-chernow/he-warned-that-progressive-accumulation-of-debt-is-perhaps-the/) [Ron Chernow](https://sms4smile.com/quotes/author/ron-chernow/) [Explore all 276 Ron Chernow quotes ](https://sms4smile.com/quotes/author/ron-chernow/) ## More Biotech quotes > [Biotech 1.0 is slow, like a lab science, and Version 2.0 is more like computational sciences.](https://sms4smile.com/quotes/steve-jurvetson/biotech-1-0-is-slow-like-a-lab-science-and-version-2-0-is-more-like/) [Steve Jurvetson](https://sms4smile.com/quotes/author/steve-jurvetson/) > [Biotech crops are not a solution to solve hunger in Africa or elsewhere.](https://sms4smile.com/quotes/nnimmo-bassey/biotech-crops-are-not-a-solution-to-solve-hunger-in-africa-or/) Nnimmo Bassey > [At this moment, glyphosate is the biggest threat. And because of its overuse, we are seeing the emergence of superweeds, which have grown resistant…](https://sms4smile.com/quotes/zoe-lister-jones/at-this-moment-glyphosate-is-the-biggest-threat-and-because-of-its/) [Zoe Lister-Jones](https://sms4smile.com/quotes/author/zoe-lister-jones/) > [Business, life itself, is damned hard work if you wanna be good at it. Actually, that's precisely wrong. Business ceases to be work when…](https://sms4smile.com/quotes/tom-peters/business-life-itself-is-damned-hard-work-if-you-wanna-be-good-at-it/) [Tom Peters](https://sms4smile.com/quotes/author/tom-peters/) > [Prince William County has emerged as a hub for the life sciences industry, offering the infrastructure, R&D assets, and talent to attract and retain…](https://sms4smile.com/quotes/glenn-youngkin/prince-william-county-has-emerged-as-a-hub-for-the-life-sciences/) [Glenn Youngkin](https://sms4smile.com/quotes/author/glenn-youngkin/) > [Martha Stewart denied allegations that she had been given inside information to sell 4,000 shares of a stock in a biotech firm. Stewart then…](https://sms4smile.com/quotes/dennis-miller/martha-stewart-denied-allegations-that-she-had-been-given-inside/) [Dennis Miller](https://sms4smile.com/quotes/author/dennis-miller/) > [In the biotech revolution, it is the human body, not iron or steel or plastic, that's at the source. Are the biocapitalists going to…](https://sms4smile.com/quotes/ellen-goodman/in-the-biotech-revolution-it-is-the-human-body-not-iron-or-steel-or/) [Ellen Goodman](https://sms4smile.com/quotes/author/ellen-goodman/) > [The 1st Congressional District contains almost half of the biotech and biomedical companies in Washington, and my job often allows me to meet the…](https://sms4smile.com/quotes/jay-inslee/the-1st-congressional-district-contains-almost-half-of-the-biotech/) [Jay Inslee](https://sms4smile.com/quotes/author/jay-inslee/) > [Biotech and geo engineering have the same mindset, of engineering, of power, of control, of mastery of nature.](https://sms4smile.com/quotes/vandana-shiva/biotech-and-geo-engineering-have-the-same-mindset-of-engineering-of/) [Vandana Shiva](https://sms4smile.com/quotes/author/vandana-shiva/) > [I'm an investor in a number of biotech companies, partly because of my incredible enthusiasm for the great innovations they will bring.](https://sms4smile.com/quotes/bill-gates/i-m-an-investor-in-a-number-of-biotech-companies-partly-because-of-my/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Hype tends to precede the reality in biotech, but the reality does follow. Usually.](https://sms4smile.com/quotes/arvind-gupta/hype-tends-to-precede-the-reality-in-biotech-but-the-reality-does/) [Arvind Gupta](https://sms4smile.com/quotes/author/arvind-gupta/) > [As we move on into this so-called biotech revolution and we start producing more and more transgenic manipulations, we'll start seeing pieces of DNA…](https://sms4smile.com/quotes/ignacio-chapela/as-we-move-on-into-this-so-called-biotech-revolution-and-we-start/) Ignacio Chapela > [IndieBio's capital, facilities, and deep mentoring by a network of biotech-specific experts have the potential to spawn the Google, Facebook, and Instagrams of biology.](https://sms4smile.com/quotes/arvind-gupta/indiebio-s-capital-facilities-and-deep-mentoring-by-a-network-of/) [Arvind Gupta](https://sms4smile.com/quotes/author/arvind-gupta/) > [A decade ago, critics suggested biotech crops would not be valuable in the developing world. Now 90 percent of farmers who benefit are resource-poor…](https://sms4smile.com/quotes/clive-james/a-decade-ago-critics-suggested-biotech-crops-would-not-be-valuable-in/) [Clive James](https://sms4smile.com/quotes/author/clive-james/) > [“It felt like an eternity before he gingerly lifted himself from the table and staggered backwards. Glass shards protruded from chest to groin. The…](https://sms4smile.com/quotes/betsy-cook-speer/it-felt-like-an-eternity-before-he-gingerly-lifted-himself-from-the/) Betsy Cook Speer [Browse all 29 Biotech quotes ](https://sms4smile.com/quotes/about/biotech/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.", "creator": { "@type": "Person", "name": "Ron Chernow" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ron-chernow/i-don-t-think-that-a-mutual-fund-that-invests-exclusively-in-biotech/", "about": { "@type": "Thing", "name": "Biotech" }, "@id": "https://sms4smile.com/quotes/ron-chernow/i-don-t-think-that-a-mutual-fund-that-invests-exclusively-in-biotech/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png", "contentUrl": "https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png", "url": "https://sms4smile.com/quotes/i/ba6/ron-chernow-1189_biotech_i-don-t-think-that-a-mutual-fund-that-in_970127.png", "width": 1080, "height": 1080, "caption": "“I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in…” — Ron Chernow", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ron Chernow", "item": "https://sms4smile.com/quotes/author/ron-chernow/" }, { "@type": "ListItem", "position": 4, "name": "I don't think that a mutual...", "item": "https://sms4smile.com/quotes/ron-chernow/i-don-t-think-that-a-mutual-fund-that-invests-exclusively-in-biotech/" } ], "@id": "https://sms4smile.com/quotes/ron-chernow/i-don-t-think-that-a-mutual-fund-that-invests-exclusively-in-biotech/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```