Originally Posted by
peat
Pretty strong words and quite frankly very insulting. Tempted to let it go coz arguments on the internet never result in anything, and you certainly, argue black is white. eg denying the point that the share price has halved and that this affects the current value of portfolios
I've had this divers-diworse discussion with Mav, and each to their own, but mathematically diversification has proven benefits on a risk reward basis of investing. Imagine how you'll be if say, some massive fraud was uncovered at OCA (I am not suggesting it is true, just a hard core hypothetical here), and the company goes bankrupt, or say they have been using a particular product that is discovered to be dangerous, and their buildings become worthless (and their insurance claim fails) - just say! Hows your non-diversification gonna work out then when you've backed the truck up.
What I am saying is , no one knows mate, not even you. **** happens.
I seem to recall Beagles tag was stating the biblical version of diversification - "thou shalt divide ones pile into eight" or something like that , so are you calling him a know-nothing investor too?