Portfolio diversification is commonly viewed as a way to grow your nest egg while minimizing your risk. Having exposure to many industries and stocks is viewed as a way to counter risk, but it can also hurt your long-term returns. It's no wonder legendary investor Peter Lynch referred to it as "diworsification," which involves overdiversifying your portfolio and minimizing potential gains in the process.
One person came across diworsification when seeing what their wealth management firm was doing with their portfolio, and this person shared the entire story on Reddit.
