Always interesting to hear Charlie. Something I have heard few times now which was also mentioned in the video is to lower future expected returns. To me it seems sensible to lower return expectation. I would be happy if I can get 7% nominal returns over long time with inflation around 2.5% Regarding diversification. I am sticking with diversification since I do not have any edge and know my limitations when it comes to emotions and temperament. Cheers, Oracle.