This is perhaps an instructional moment.The sharemarket is a...

This is perhaps an instructional moment.

The sharemarket is a good source of wealth in the long run. Many 'investors' manage to lose all or much of their money. The important thing for a CEO shareholder and equally for your average mug punter is the fundamental truth of diversification. Risk management beats 'conviction' any day of the week.

Back in the day, when there were giants upon the land, a small nickel miner, under a condition of favourable circumstances, did rally from about $1 to about $280. Much has been told in words and song about that happening those many years ago. What I remember about POS was that an insider with much conviction had his shares from below $1 and did keep them firm to his chest all the way up to $280 and then he did not let them go all the way back to sub-$1. Where was his accountant to suggest that he put some of it into other worthy stocks?

True story- apparently- it was in that book that Trevor Sykes wrote about the era.

God save the King.