Diversifaction is important for most investors, so would you rather have your money in three index funds or Warren Buffett's conglomerate of great business, Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B)? In this segment from The Motley Fool's everything-financials show, Where the Money Is, banking analysts David Hanson and Brendan Mathews take a question from their mailbag about diversification and tell viewers which route they would go.

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Brendan Mathews owns shares of Berkshire Hathaway. David Hanson has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.