The pundit's advice is usually centered around the idea of DIVERSIFICATION of your finances which is a wealth protection strategy. NOT A GROWTH STRATEGY.

To be honest, this was what I've been following most of my adult life. I had always heard diversify and that made sense so I did it.

When I was first getting into professional photography, I was told by a guy who had been in the business 30+ years It takes a lot of peanuts to feed an elephant. He was referring to the fact that to survive as a professional photographer, one had to take a lot of gigs. Which is true. But I think I always combined this advice with the investment advice and used it as proof in my mind of the importance of diversification.

But lately I have been exposed to this idea that you posted about, that while diversification is good to protect wealth, it is not good to grow wealth. This is making me rethink my entire investment strategy.

Anyway, very interesting. Thanks for the great advice!

!PIZZA

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