I adore your blog, and find myself oft agreeing with much of what you say (even when you “future blog”!).

However, I must take issue with your “random number generator” comment regarding the markets.

It is true that some sectors’ volatility has increased more than twice what it was at the close of 2006. However, with volatility comes opportunity (mining, commodities, foreign equities, multinationals, “gadget” tech, ag, [heavy] construction, fast food), as well as heartache (brokers, builders, much retail, many finances).

This is a period that just begs to own serious multinational plays, as well as some more defensive ones. It’s not that a portfolio needs to be completely balanced - but it does need fluidity to respond to unforeseen stimuli. I’ve worked very hard this year to maintain strong growth, and our portfolios have rewarded us with records across the board - and not just because of owning GOOG, LFC, or SNP. Stalwarts including GE, MCD, and UN really work well because of their international business diversification (a significant criterion present in my screening boards - which generally means combing through statements to add up numbers - includes the percentages of sales, revenues, and earnings earned internationally for “domestic” companies).

For further study, check out MTW, AME, SSW, UN, ADM, and SIAL.