"That said, over the years, Bill Gates has adjusted his portfolio holdings, choosing to divest in a range of companies via his own personal portfolio but also via his charitable organizations and other investment funds. One could argue that he would have been much better off just staying highly concentrated in Microsoft stock, and those who'd make that argument would have been 100% correct. But that's not to say diversification isn't generally a good thing - it is."
"Agricultural equipment giant Deere ( NYSE:DE) has carved out a near-monopoly on the production of many of the most popular models of tractors, mowers, and other equipment used for both commercial and residential use. The company's ability to provide farmers and those who have a real penchant for mowing their lawns like pros with precision technology has created a relatively high-margin business out of a rather boring sector many wouldn't think to look at."
Bill Gates has adjusted his portfolio holdings over the years, divesting across personal, charitable, and other investment funds while maintaining diversified positions beyond Microsoft. Diversification is presented as beneficial despite the outsized gains Microsoft would have delivered. Deere (NYSE:DE) is highlighted as a portfolio position with near‑monopoly characteristics in tractors, mowers, and related equipment. Deere's precision technology supports high margins in an otherwise mundane sector. The company yields about 1.4% dividend, reported $12 billion revenue and $4.76 EPS in recent results, produced roughly 74% capital appreciation over five years, and showed resilient earnings despite year‑over‑year revenue declines.
Read at 24/7 Wall St.
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