Quote for the Week
There are some principles that people need to learn. One is to look widely. Be open-minded about every form of investing in every nation. Don’t let yourself get misled by trying to limit yourself to one area.
Our second principle would be diversification. Of course, nobody knows what tomorrow will bring, so it’s not wise to put too many eggs in one basket. Nobody should ever have over half of their total investments in one nation, over half their investments in one industry, and perhaps no more than one fifth of their investments in one corporation, so a worldwide search is better than a local search. Diversification is a safety factor that is essential because we should be humble enough to admit we can be wrong. — John Templeton (source)
From the Archives
Last Call
- 5.5 Lessons at 55.5 – T. Seides
- The Most Efficient Market – Verdad
- Is There an Earnings Bubble? – Chart Kid Matt
- Same Process. Different Outcomes. – I. Cassel
- You Won’t Pick the Next Amazon: 5 Lessons from Aswath Damodaran – Excess Returns
- What’s in an Odd Number? – Klement on Investing
- The Hedonic Treadmill – S. Godin
- A Field Guide to Information Overload – Card Catalog
- What Makes Humans Stupid – Nautilus
- Can You Spot an AI Deepfake? – BBC