As a Christmas present I want to give you an advice and the illustration that this advice is good.

The advice: never trust any single opinion (first of all my opinion) or the opinion of a small connected group of individuals. Good example of source of diverse opinions could be a “Bloomberg on the economy with Tom Keene” on Bloomberg radio. Keene manages to invite a broad range of unrelated experts and if you are looking for a single source of diverse opinion there it is (podcasts are here).

Tom Keene

The proof of the opposite is very simple. This is what Jim Cramer said at February 29, 2000:

You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now. OK. Here goes. Write them down — no handouts here!: 724 Solutions, Ariba, Digital Island, Exodus,, Inktomi, Mercury Interactive, Sonera, VeriSign, and Veritas Software

You can’t make a worse portfolio even if you try. Looks like your loss should be in the 99% area.

A guy with incredible brain damage power 🙂