No. of Recommendations: 0
News brief from the 11/11/99 Wall Street Journal:


"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.


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