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it does not matter whether you pick the last 3, the middle 5, or you can even use a dart board and it is going to be OK, Right?

It may not matter how you pick some (or all) of them, but it does depend on how you go about it. For example, I started a Money Heavy portfolio and picked 6 of the 10 stocks in it. (M.H. was a predecessor of the Cash King portfolio.) One of the stocks was OXHP. Now if you were going to start with only one company and your dart board came up with that one, you might be discouraged from continuing. Looking at the prices, they did a 10:1 stock split but they did not, in fact, distribute any more shares.

So while I do not favor overdiversification, one company does not a portfolio make, so watch that, right?
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