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Hindsight makes diversification look unnecessary. This is such an insightful quote by Joe Wiggins (read the full article here) . When you look back on past returns it is easy to convince yourself that it was obvious what you should have been doing. That you could have captured…

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It is not the drill that we want but the hole.

It is not the investment itself that has value, but rather what that investment allows or achieves which is most valuable.