Minimum Wage Ninja

Diversifying sucks. Like I mean, I really don't care to look up how one company is doing after I've bought stocks in it, why would I want to know how ten companies are doing? Furthermore if I diversify into many different skills then someone will have passed me by on the most important skills. But I want to think about diversifying when buying individual stocks.  I was watching Warren Buffet give a speech on YouTube. He talked about how five to seven stocks are enough for diversification.  But then something amazing happens, the guy starts talking about how he missed out on the opportunity to buy Fannie Mae. I just pulled up Yahoo finance, FNMA is trading at like 2.06 USD.  For all intents and purposes it does not look like it would have been a great investment to buy and hold for a lifetime. Yet here is the Oracle of Omaha, regretting his decision not to purchase Fannie Mae.  Another video on Youtube is Peter Lynch introducing people to stock market ...

There is this theory that I remember reading before.  I think it might have been Peter Drucker. Basically people are either becoming incredibly intelligent knowledge workers with high wages, or they are becoming incredibly strong physical labor workers with low wages. I've been mulling this theory over in my mind as I fantasize about achieving financial independence in the future. Its like the workforce is becoming an hour glass with the high paid people on top, a few in the middle, and the lower paid people on the bottom. Now the highly paid people on top do not have time for you, because their time is valuable.  They have to put in the extra hours to stay on top of their field. Likewise the lowly paid people on bottom do not have time for you, because their time is valuable.  They have to put in the extra hours just to make the ends meet. But the guy in the middle?  They don't necessarily have to improve to get to the top, nor do they need to put in so ...