This will keep you from conveniently forgetting your failed forecasts and may provide you with a humbling reminder of your limitations as a soothsayer. And whenever some analyst seems to know what he's talking about, remember that pigs will fly before he'll ever release a full list of his past forecasts, including the bloopers. Defy the chaos. Diversification is another principle that defies chaos. Consider the danger of investing almost exclusively in tech stocks.
Broad diversification is still the best insurance against the risk of making an investment mistake.
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