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To: McNabb Brothers who wrote (71962)8/4/1999 11:17:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Hank -- good question: how does a bunch of highly correlated tech stocks constitute diversification? I think the idea here was that if this is a horse race you should bet on several horses. If the horse race gets cancelled -- well, that's it.



To: McNabb Brothers who wrote (71962)8/4/1999 11:17:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>Are you saying if one has 15 different internet stocks and that's all one has then he or she are diversified?

Sure that's good enough for me. I wouldn't prescribe it for everyone, but I'm close enough to these stories that I feel confident. It's an aggressive portfolio. High risk/high reward.

I've focused more and more into these names as prices have come down.


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