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Technology Stocks : Intel Corporation (INTC)
INTC 33.62-4.2%Nov 20 3:59 PM EST

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To: Gary Withers who wrote (62050)8/7/1998 3:05:00 PM
From: Jim McMannis  Read Replies (1) of 186894
 
Gary,
RE:"
Of course diversification tends to level out your returns and lower risk,
but the biggest returns (and possibly losses) accrue to those who take the
big risks, such as large margined positions in one or two stocks.
Diversification in and of itself has no intrinsic value and cannot be
exchanged for food. It sounds a little like sour grapes when someone
criticizes another's great returns with, "Well, you may have made a
fortune, but you aren't diversified," as if that somehow makes your dollar
of profit worth less than 100 cents."

How in the world did you come up with that? In my book Carl has been nothing short of a Genius albiet he's been living dangerously. If you look at his qualifications he's EE...so I suspect his knowledge in this area has been some compensation for not being diversified because he's been investing in what he knows. He also has a large cushion which helps with sleeping at night.

Jim
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