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To: E. Graphs who wrote (14823)9/8/1998 1:56:00 PM
From: sea_biscuit  Respond to of 25814
 
The point was about the risks involved in having a non-diversified portfolio...

Btw, interesting study of "Nifty Fifty" stocks in Jeremy Siegel's "Stocks For the Long Run". All of those 50 stocks could have been bought at outrageous valuations in Jan 1972, but if you held them until 1993, some of them would have outperformed the market.

Only some of them -- mind you, like Philip Morris, Coca-Cola, McDonald's etc. Among the group that went down and stayed put at the bottom were all the technology "darlings" of that time -- IBM, Burroughs, Xerox, DEC...

The moral of the story should be obvious. Or is it?

Dipy.