Legendary Investor Jim Rogers Says Don't Diversify

Jim Rogers and George Soros started the Quantum Fund which became the best-performing hedge funds in history. Now he says diversifying your portfolio may not be the smartest move. Rogers says you can put all of your eggs in one basket, but "be sure you've got the right basket, and make sure you wat the basket very very carefully." He also warns "if you don't get it right, you are going to lose everything, but if you get it right, you're going to get very rich."

This article was written by a staff member of TheStreet.