Quote of the Day - Diversification

[fenders53]

(12-29-2021, 05:04 AM)cemanuel Wrote: Yes, diversification is not a return but a risk management strategy. Let's face it - if I were 100% confident in my stock-selecting ability and knew I'd never make a mistake I'd just pick one company and ride the heck out of it.

Unfortunately my innate fallibility has been demonstrated many times.

Yes, I knowingly lower my return for some peace of mind.  I don't need 50 tickers to accomplish that though, and that is where I found myself quickly headed.  I just don't have that many great ideas.  I'll more than likely end up with a bad ETF.