"Good" Debt Versus "Bad" Debt

[Contrarian]

> Up till last year, one man had $100 million of his worth in only one stock. Towards the end of last
> year, that stock started to decline. By early this year, the stock was down more than 50 per cent
> from its peak just a few months before. The man picked up quite a few additional shares - on margin
> - thinking that the stock had bottomed and would eventually rebound. The stock is Cosco Corp

Dumb to place so much faith on a ship builder.

Safer to go for a few king pins which are tried and tested. Lower return but this $ definitely can get 50% - 100% when good times return...