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To: TFF who wrote (703)10/31/1997 12:06:00 PM
From: GeneM  Read Replies (1) | Respond to of 12617
 
irby: He certainly had foresight. I do agree with him that, once you have signifcant wealth, diversification is a pre-requisite; however, in order to gain such wealth diversification (in my mind) ensures nothing more than mediocrity.

Have you ever read Popular Delusions and The Madness of Crowds? It's an old book, but, like Orwells 1984, it seems even more valid in todays environment. Incidentally, CNBC just did a bit on day trading; they claimed there are over 3 mil. people day trading online today.

GeneM