The opportunity to misjudge an investment, misjudge an opportunity, to buy high, to sell low, to choose the wrong asset class, to time the market, to succumb to advertising, star ratings, Wall Street noise, momentum stocks, gurus, quick profits, new investment methods, technology, newsletters, insiders, the internet, your neighbor, and your spouse - we help you to avoid these mistakes. The Wisdom Fund gives you international exposure without the international risks. And talk about another business that you can easily predict where it is going to be in ten years. Everyday 2.7 billion men grow whiskers. We invest internationally by investing in U.S.-based companies that successfully manage these additional international risks.
Many investors underestimate the value of a few good investments.
The Wisdom Fund says that a concentration of investments is better than diversification. The major problem with diversification is that by its very definition, the more you diversify, the more likely you will equal the market. Diversification is ignorance. You don't know for sure which investments will make or lose money, and you can't afford to lose money, so you diversify. Concentration is wisdom .