“Wide diversification is only required when investors do not understand what they are doing.” Hedge fund allocations to private tech rise 12% in October, exemplifying conviction trades that mirror confident themes in quotes about investing. Japan's Ministry of Economy, Trade and Industry, the section of Japan's government that has discussed with U.S. government officials the possibility of the country's private sector investing in U.S. energy projects, said that talks about Alaska LNG are still ongoing. “The benefit of short-sellers to the markets is they’re sort of the canary in the coal mine,” says Ackman. “They are the early warning signal about a problem in the business, a problem in the capital markets.” “Investing should be more like watching paint dry or grass grow.” Utilities show steady 3% quarterly performance, reminding traders of passive returns’ compounding effect, consistent with conservative quotes about investing on patience and discipline.