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Originally Posted by OMG!WTF!
Bingo. That's the education part I was talking about. But when you go a step further and get even more education you learn that diversification is not the free lunch everyone thinks it is and you should be investing where the returns are. A balanced portfolio makes sense if you're not willing to know how to actively manage your dough.
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"The goal of investment is to find situations where it is safe not to diversify” - Charlie Munger