elbozs and heg, page-2

When it comes to investing there are two schools:

(1) Diversify so that all your eggs aren't in one basket.

On the subject of diversification...I love Warren Buffett's viewpoint:

"Diversification is protection against ignorance, but if you don't feel ignorant, the need for it goes down drastically."

Clearly the Elboz' aren't ignorant so they follow the Andrew Carnegie philosophy:

(2) Buy the basket and watch it like a hawk!

Good luck to them I say...they deserve it.

For the rest of us shareholders it gives us confidence to see a cornerstone investor consistently "stump up" with top-ups. I'd be absolutely sure they just don't do that out of blind faith!