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Think you had a rough February? I bet it wasn't as bad as the folks at Saracen Energy Partners LP. Thanks to rotten bets on natural gas, the fund lost 22% last month.

There's simply no excuse to have that much exposure. One of the most important rules of investing is diversification. And no, diversification does not mean buying Google AND Apple. You need to be well-diversified across industry groups as well. Check out the Buy List for a good example.

Posted by edelfenbein at March 7, 2008 11:31 AM