I am frequently asked by friends what are the basic tenets of
Blackhawk’s investment & wealth creation philosophy in a world that
is increasingly dangerous, regulated and volatile.
Well, to make a long story short and as a starter:
The Firm does not believe in diversification. Take a close look at
some of the greatest entrepreneurs in US history. Henry Ford never
diversified, Bill Gates didn't diversify. The Firm strongly believes
that the best way to create real wealth is to put one’s eggs in one
basket and watch that basket (the right one) very carefully. In fact,
one can go broke diversifying. Ask anyone who's diversified in the last
three years. They've lost money. Nonprofessionals are always jumping
around, thinking they have to do something. If they have a big success,
they think they need another one right away. That's when hubris sets in
at its worst...Continue Reading
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