此时此刻，基金投资是要均衡分散还是集中持仓？

Core Viewpoint - The article discusses the debate between concentrated and diversified investment strategies, highlighting that while prominent investors like Warren Buffett and Zhang Lei have achieved success through concentration, ordinary investors are advised to diversify their investments to mitigate risks [1][2][3][5][9]. Investment Strategy - The phrase "Don't put all your eggs in one basket" emphasizes the importance of diversification in investment to avoid systemic risks associated with market downturns [1]. - Prominent investors such as Warren Buffett have concentrated their investments significantly, with 92% of his $240 billion portfolio in three sectors, primarily technology, and 49.33% in Apple alone [2]. - Zhang Lei, founder of Hillhouse Capital, also exemplifies concentrated investment, having initially invested heavily in Tencent and later in JD.com, leading to substantial growth in assets under management [3]. Perspectives from Fund Managers - Fund manager Xiao Nan argues that concentrated holdings are not inherently risky, citing that only 4% of stocks have generated all the market value growth in the past 200 years, suggesting that investors should focus their capital on these high-potential companies [5]. - The article contrasts the strategies of successful investors with the advice given to average investors, indicating that the latter should diversify their investments across various funds managed by skilled professionals [6][9]. Conclusion on Investment Approach - The article concludes that asset management should be concentrated while wealth management should be diversified, allowing ordinary investors to benefit from the expertise of focused fund managers [8][10]. - In the current market environment characterized by volatility and frequent style shifts, the choice between concentration and diversification is presented as clear, depending on individual investment goals [10].