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Dickmo

02/08/16 1:59 PM

#17678 RE: geodan #17677

Geodan - let me second your advice to Born. I invested a large amount in a friend's company. It was a sure thing. Naturally, he failed spectacularly. Everything we were led to believe did not come true. In short, I and a few others I know took a bath in that one. You don't need to diversify to more than 20 to 25 stocks, but having just 3 or 4 is not a wise strategy.

Even good managers can make some really horrible mistakes. Some are good at turning companies around but not growing them. Some just the opposite. Stocks are just pieces of paper. Don't fall in love with them. Like whiskey, they will never love you back.