CBA back to $45-50 again soon?, page-481

I used to be like you and think I was spreading the risk but banks day in the sun is over ,they will keep making money with the old model but IMO WBC,ANZ and NAB are not well managed and there are much better options out there that will give you more growth.

IMO diversification is something you buy when you cant think of anything else to do and then wait for them to come good when I buy a share I try to buy what I think is the best managed share I can,sure the banks produce some eye watering numbers but apart from MQG and CBA the overall growth performance of the others is miserable.

After what I would call a wasted 30 years in the share market where I did ok I realized I was over thinking things and now try to keep it simple and not to over think and just buy well managed companies that have a growth strategy and will still be here in 10 years and that strategy has really paid off ,sometime this has meant lower dividends for a while but the growth has more than compensated for that.

IMO there a few really well managed companies with good growth that are at reasonable prices now that have potential that I am targeting over the next few months and they are not banks.