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To: Pierre-X who wrote (7986)	12/3/1997 7:06:00 PM
From: still learning	Read Replies (1) \| Respond to of 11057

Off Topic re 2 stocks For the record -- since I was tagged with the "undiversified" label , too -- I don't espouse holding only 2 stocks. I think 9 may be too few overall. But that doesn't answer the questions of whether it's wise to concentrate a greater % (whatever your tase dictates) in 2-4 of your holdings. I do think this is a good strategy -- to overweight where you expect the greatest return, even if you are buying an entire sector. Also, re gambling, we could have a long discussion on that one. Pierre-X's comments on tax benefits and weighting of risk are very correct. That said, all investing is a balancing of risk/reward -- in other words it's all gambling to some extent. The only difference is the amount of risk we are each willing to put up with and how much reward we actually end up getting to compensate for that risk. Clearly owning only 2 stocks is on the high end of the scale. Even as a higher risk investor, that's too rich for my blood.

To: Pierre-X who wrote (7986)	12/3/1997 8:56:00 PM
From: Terry Backlund	Read Replies (1) \| Respond to of 11057

WAY OFF SUBJECT As Warren has said, "I can't be involved in 50 or 75 things. That's a Noah's Ark way of investing -- you end up with a zoo that way. I like to put meaningful amounts of money in a few things". If one takes the time to scan around threads you can see that the majority of investors are really speculators in a thinly valed disguise, more concerned in just being in the game as opposed to winning. I would never recommend anyone not willing to do any of their own DD and relying entirely on someone else for info to own just two issues. As far as Warren is concerned if you take into consideration the amount of money involved he is rather narrow in focus. My personal form of diversification is buying Radica Games at different prices as it goes northward. Happy investing to all, Terry