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Originally Posted by Muta
LOL. Pretty obvious to start planning for diversification instead of putting all your eggs in one basket, no? Particularly with the advent of advanced technologies through the 90s?
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The 90s were the start of the massive Chinese economic boom, which also resulted in the greatest energy boom in history.
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Oil and gas has always been volatile, you don't have to look far into your crystal ball to understand that.
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But over a longer period of time, always a great generator of wealth. And while Buffet referred to investing, I think it's very valid for economies as well:
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And I can guarantee that going into a seventh one instead of putting more money into your first one is gotta be a terrible mistake. Very few people have gotten rich on their seventh best idea. But a lot of people have gotten rich with their best idea.
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