Diversification can indicate a lack of conviction and research. All the zombie money pouring into passive investments in America has revived stock picking as a viable approach, but it's also helped to keep zombie companies alive. Unfortunately, you still have to fight the algos.
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So I think "diversification" is really just pabulum that is very easy for a financial adviser to say and ensures that you will get the same mediocre returns as everyone else. If that's what you seek, go for it. You're still exposed to broader economic trends and market moves.
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But if you want risk, the STAR exchange might be a good place to start. You're betting on a better future, which in the long run is generally a good bet, but never forget Keynes' quote: "The market can stay irrational longer than you can remain solvent."
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And this is one of those moments when I would not bet on the markets remaining rational. One wrong tweet, one stupid word, one random action, and people will be badly spooked. Things are fragile. Remember, in investing, being too early or too late is the same as being wrong.
End of conversation
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