As an investor, I have a rule. If I’m going to add a new position to my portfolio, it needs to be better than what I already own. There is no use diversifying to diworsify. Jim Rohn used to say that you are the average of your five closest friends. If you hang out with losers, you will become a loser. If you hang out with winners, you will become a winner. Strive to have friends that are better than you — morally, financially, marriages, etc. and you will rise to their level. Don’t add anything to your life, investing, or your business unless it makes it better.
[Photo from Fundable]
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