If one selects several individual stocks after a serious selection procedure, say 10 good equities, there is no need to have sleepless nights. Each one of them has a good chance of giving great yield. One is still diversified in that case but diversification was not the principle objective. 10 good choices were the objective.
Having said that it should be clear my remarks were not meant to advice against diversification but against diversification as a principle objective.
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