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Re: Whalatane post# 59678

Thursday, 09/24/2015 6:45:07 PM

Thursday, September 24, 2015 6:45:07 PM

Post# of 430369
Kiwi,

Thanks for the read. I can now put a more formal name to my idea of 'risk/reward ratio'. I agree with the thesis of the article and don't see how it contradicts my undiversified investment strategy.

My portfolio will certainly swing more dramatically than yours (I've been over 50% in the red before, and it hardly bothered me) but at the end of the day, assuming we are equally adept at picking winning companies, we're likely to achieve similar outcomes.

Biotech business fascinates me (pursuing a related Master's, as it happens), but it isn't my day job. Even with no family, I couldn't possibly balance my life with researching/following even just four companies.

I really do appreciate the advice though, and especially this article, linked to the one you sent me:

http://www.joshuakennon.com/gt-advanced-technologies-bankruptcy/

Definitely a cautionary tale worth reading.



PS: my historical ROI is higher. :P
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