I wouldn't trust Ward's opinion on needing to drink water in a 120-degree desert after 24 hours. His nutty conspiracies and theories are so stupid they aren't worth thinking about.
That said,
Some people chase the "next great" investment, etc. It's a habit. It's a lifestyle. If they prefer to spend their time (I call it a waste of time) that is fine. I avoid these folks. They show up at parties and family events and bore the hell out of everyone. Most people avoid them and even when they don't, talk about them behind their backs.
Thankfully, I have not ever needed to chase those type of things. I've done extremely well being patient, and methodical and moderate when it comes to investing and diversification.
As Clark Howard often says, slow and steady almost always wins the race.
Except, I don't consider it a race. There will always be someone pushing something. There will always be someone nearby that knows how to do it better. There will always be someone that makes more- and it doesn't mean they are wrong. But they might not be right either.
I prefer steady Eddie because it allows me to do pretty much everything I've ever wanted and have more than I ever thought I'd have without concern or even requiring my time to divert from what I prefer to spend my time doing- and that's almost never thinking about my personal investments, strategy, or money. It's worked very well for me. It's allowed me the freedom to work for fun now sitting lakefront, and not because I have to do so.
