Disciplined diversification

Disciplined diversification is a pact with heaven. It says, “I will never own enough of any one thing to be able to make a killing in it. At the same time, I will never own enough of any one thing to be killed by it.”

Price and value are inversely correlated. Value doesn’t rise with price, risk does.

I am not interested in "what's working now"; I am vitally interested by what has always worked.

‘Nuff said.