Sharing Knowledge in Smallcaps

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There's been a lot written lately about investments with "Lottery-like Returns." Many investors prefer long shots to safe investments even tho the "slow but sure" approach usually produces better lifetime results. We know how phenomenally Buffett has done using a broad selection of blue chips coupled with leverage.

I've noticed that Ihubbers, even those with some money, tend to put everything into a handful of stocks. Many only post on about three boards at a time maximum. Again, broad based index funds usually produce better and safer longterm results.

So why do IHUBers bet on so few stocks? Again, it's likely the quest for "lottery-like returns."

Long Odds, High Price: Do Investors Overpay for Stocks with Lottery-Like Payoffs?
Here's a short article on that subject:
https://bus.wisc.edu/knowledge-expertise/faculty-research/forward-thinking-blog/2014/10/13/do-investors-overpay-otc-stocks