Words to Remember
Don't Dilute Your Best Bets 🧠
“I don't want a lot of good investments. I want a few outstanding ones.”
Why we ran it
Ten years after leaving J.P. Morgan, the issue looked back at a first bet left alone for a decade: every $10,000 was worth about $88,000. The lesson was to pick a sector, not a stock, and stop rotating. Fisher's line is the same idea from the other direction. Concentrate on what is outstanding and leave it be.
From the September 4, 2026 issue: My First Bet, Ten Years Later →