Reminds me of back when I was studying economics; I read an article by a prominent economist, Samuelson I think, about how to get the benefits of diversificatio

Reminds me of back when I was studying economics; I read an article by a prominent economist, Samuelson I think, about how to get the benefits of diversification when buying stocks. He said that you could reasonably expect to get pretty near market returns by buying 5 stocks. Now, an investment guru will probably get you into well more than 5 funds, each of which will hold dozens or hundreds of stocks. The benefits of such attempts at diversity are low, good chance if you diversify into 5 of any class of investment offered to the public, you will get close to typical of that class. Of course, investment != stock, but don't speculate on pork bellies if you do not know to which end of a hog one talks.