Monday, October 30, 2006
My portfolio meandered out the gate this morning, looked around, ate some hay, and then took a nap: up less than 0.1 percent for the day. Yes, microcaps are volatile. But most of that volatility is idiosyncratic. So if you have a well diversified portfolio (in my case, no stock is currently greater than 4 percent of the portfolio), you're not really taking on any more risk than someone who owns the Dow 30.
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