Originally Posted by mdccclxix
True, I know that diversification is recommended, but at the same time it can weigh you down, right? This goes up, that goes down. But picking a stock that has a solid reputation and a solid future in terms of where the world is going, that is also on a down beat, could pay off if you're patient. That said, a) I'm young and not risk averse b) I set up a fake portfolio at google finance in 2009 when everything was down and went 9 for 10 in picking winners, so that's not likely to be as easy as it was then.
Fairly recently, ENRON, Fannie Mae, Freddie Mack, etc. - you just never really know what is lurking behind the curtain.
Don't put all your eggs in one basket.