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Thanks for your comments, AeroFool!

(First off, I wholeheartedly agree that the "Warren Buffett: The Making of an American Capitalist" book is excellent. I loved it -- and learned a lot, too.)

You said:

<< If the point is that making "novice" choices and not researching your companies thoroughly enough before buying and subsequently buying too many companies that you don't know much about, is wrong, then I agree wholeheartedly with this aspect.>>

Well, that *was*, to a great degree, the point I was trying to make. But I also think that yes, if you limit yourself to too few companies, you might not buy into that 10- or 20-bagger. But at the same time, if you own 100 stocks and one is that 10- or 20-bagger, its effect on your overall portfolio is greatly diminished, compared to if it were one of 10 holdings.

But still, overall, I do very often see both sides of issues -- I even wrote about them many moons ago:

Best wishes,

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