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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76406  
Subject: Diversify? Date: 11/11/1999 12:34 AM
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News brief from the 11/11/99 Wall Street Journal:

<<excerpt>>

"TOO MANY EGGS in one basket is what Citigroup Inc.'s Salomon Smith Barney unit saw when it studied its high-net-worth accounts. After finding many accounts with more than $500,000 invested in a single stock, it and sister unit Citibank Private Bank decide to hold investment-strategy seminars for clients in seven cities."

I suspect the reason these folks were "high-net- worth" WAS BECAUSE THEY HAD IT ALL IN ONE STOCK -- the "right" stock.

intercst



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