Quote Originally Posted by MumblesBadly View Post
Pooh, Back in early 2000, a fellow finance academic colleague of mine had 100% of his 401k funds from the previous 3 years invested in a NASDAQ heavy managed portfolio. Over the next year, his 401k portfolio fell by over 70%. Meanwhile, my more diversified portfolio only lost about 30% during that period. And over the next few years, our portfolios returns were similar (in the black). Meaning, he unwisely gambled on too concentrated a portfolio for passive investments and got burned.

You'd figure that since he was formally trained in the value of diversifying a passive investment portfolio, that he wouldn't have fallen into that trap. But, alas, his ego at the time convinced him that he was smarter-than-the-average-bear. And he ended up making a significant investing boo-boo.

 

https://vine.co/v/eut5nI3BFXL

Keep in mind your colleague's portfolio was likely ten times higher than yours because he was able to ride the nasdaq bubble while your faggot fund was probably in the money market. So when he lost 70% he still had around five time more than you in addition to a decent personality and non truck driving in his future. I'd take his life over yours and I don't even know him.

Have a happy Easter.