For readers who who are not subscribed to my YouTube channel or who simply prefer reading blogs to watching videos, this is the transcript of another recent video I produced.

During "Evening with AK and friends 2023", I used the example of Master Leong, an investor who liquidated everything else in his investment portfolio and went 100% into Alibaba's stock. For good measure, he even used leverage. So, he didn't just throw in his kitchen sink, he borrowed to throw in another kitchen sink or two which he did not have. 100% of a portfolio in a single stock is not something I would have done, no matter how promising I think that business might be. It just isn't a good investing strategy to me. To be sure, it is more like gambling than investing. It reminds me of the movie "King of Gamblers" with the arch enemies at the poker table....