The Cellar - View Single Post - Purpose of any Company is Profits

lookout123 · 05-09-2009, 10:53 AM

Thanks UT. That is my point of contention with Sugarpop. You can read a lot of sources and find they all the same thing, that's great. What you have to consider is whether they say the same thing because they are correct or because they are all incorrect together.

In my world I describe the phenomenon like this: I get clients who sho up and tell me how they are very safely invested because they are very diversified with no more than 5% of their money in any one mutual fund... the problem is that those funds own almost the same thing so they aren't really diversified at all.

05-09-2009, 10:53 AM	#148
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	Thanks UT. That is my point of contention with Sugarpop. You can read a lot of sources and find they all the same thing, that's great. What you have to consider is whether they say the same thing because they are correct or because they are all incorrect together. In my world I describe the phenomenon like this: I get clients who sho up and tell me how they are very safely invested because they are very diversified with no more than 5% of their money in any one mutual fund... the problem is that those funds own almost the same thing so they aren't really diversified at all. __________________ Getting knocked down is no sin, it's not getting back up that's the sin