DiversificationThis is a hoary old topic for me – and I hope you guys aren't sick of it – but I'd like to note how a strong investment week such as this really says something about the benefits of portfolio diversification. The four-day week in Canada was very strong and it all got capped today by another great day in New York. My RIM stock continues to suck on both sides of the border; my Yellow is in huge flux, rife with uncertainty, with its price cut by 50% or more (thankfully the divvy remains intact for the moment). But look at some other stuff (GWP, Yannio, Dibah and others might appreciate this): RY is well up on the week; so is TD, having a stellar day in New York today; so is BCE, TRP, Corning and Teck. And a lot of former high-yielding trusts (H&R, Arc, InterPipe) also did very nicely. My only point: Diversify, diversify and diversify, across a few asset classes; keep your portfolio re-balanced, not letting any single holding become overweight by value; and be patient because good, quality, divvy-paying stuff shows its legs and staying power in markets such as this. Happy Canada Day weekend to all. aclcmc