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We believe that almost all truly good investment records will involve relatively little diversification. The basic idea is that it is difficult to find good investments, and you want to focus on good investments, so you just need to find a few businesses that you understand very well and focus on them, which, in my opinion, is clearly a good idea. In fact, this is clearly a good idea. However, 98% of investment professionals do not think so. This is beneficial for us. #PI#