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To: patron_anejo_por_favor who wrote (178382)7/9/2002 1:11:13 PM
From: Tommaso  Respond to of 436258
 
Over the past few years I have come to think that the main benefit of diversification is that you are always LOSING on something. That keeps you from imagining that you are a genius, because obviously if you are a genius you wouldn't lose on anything. The disaster is to imagine that you are an investing genius, which is very easy to do if you make a lot of money very fast.

It can take about ten years to learn otherwise, once one is convinced of one's own brilliance by making a lot of money fast.

And this can happen at almost any age. If you are young you imagine that you are smart, and if you are old you imagine that you are wise. It's only when you know you are a damn fool that you can get rich.

See how wise I am? How smart I am? I know I am a damn fool and therefore I am getting rich <G>

EDIT: Oh yes. I am humble, too. it's my best feature