02-04-2022, 01:08 AM
I think we can all agree that diversification is necessary. All the theories saying "only own a thing or two that you truly know and believe in" are amazing, in theory. They often forget to mention that no matter what amount of time, effort, research etc. we put in, we still have zero knowledge about the future of a certain company. We have an educated guess, that is all it is. And then we are betting that this educated guess is better than the educated guess of other investors.
As scoot said, it's better to have 4 Shiny Quarters, than 100 dull pennies.
The real question is, how confident are we about those quarters being truly shiny and that they will stay that way?
As scoot said, it's better to have 4 Shiny Quarters, than 100 dull pennies.
The real question is, how confident are we about those quarters being truly shiny and that they will stay that way?