Re: Diversification
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This strategy is correct for getting the greatest gains. Risk has MUCH more to do with knowledge than diversification.
Basically, get a handful of companies you like, get to know them extremely well, then buy them up when you see value. That's how to make big $. I did it with NFLX this year, and I am doing it with ADBL now and in the coming year. Stick to your convictions.
My other rule of thumb: if you can't reasonably beat Berkshire Hathaway's average performance within one year (20%) you should not have your money anywhere else but in BRK. If people are spending their working lives analyzing the markets to get below BRK gains, than it is a waste of a life.
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glad to see we have forum members with real risk-management systems in place.....
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