This is anything but GG investing
Consolidating in the Gorilla from a basket of stocks is the manual's recommendation, Martin. However, even if this were not the book's approach, it would not make a difference. We regard the book as a guide, not a religious experience! :0)
One of our posters just listed a portfolio with about 20 tech stocks in it, and I would bet he would have just as big a loss as Ruff or myself on a down day. If the market crashes, and I want out in a hurry, I would want to be on line selling one stock rather than 20!
This business of "diversification" is the subject of endless debate on this thread, and will continue to be discussed, with no agreement reached. Ruff, many others, and I, are comfortable owning just Q. others are horrified at our decision.
I think that someone with a portfolio of 10 to 20 stocks, who is an active investor, who reads and participates in this thread, is just limiting their up side. I used to do this, until I came up with the "Russian Army" approach, and started really making money.
Either you are joking with us or you are really mad!
When I posted a couple of months ago that I expected to double my money every year in the market, someone posted a similar answer to my statement. I am going to assume that your post was a friendly response, rather than a ad hominum attack. We needle each other here, but we try to be civil. |
