And just holding 1 stock increases your risk a lot. You may get better returns then the S&amp;P 500. But you WILL have higher risk.<p>Odds of the entire S&amp;P 500 losing 75% of it&#x27;s value is pretty low, much lower than berkshire losing 75% of it&#x27;s value (feel free to replace 75% with any number and the argument stands)