One-Third of My Portfolio Is in These 3 Stocks

When it comes to diversification, I find myself agreeing with the late Charlie Munger. "The whole secret of investment is to find places where it is safe and wise not to diversify," Munger once said.For an investor focused on speculative growth stocks, diversification is the name of the game. When the risk associated with any individual stock in your portfolio is high, spreading out your investments is essential. Ideally, the few big winners will more than offset the many losers.An alternative strategy is t ...