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Cuban on Investing: Diversification Is for Idiots

Entrepreneur Mark Cuban sits down with the Journal’s Alan Murray and weighs in on the fluctuating market. Cuban is investing in volatility. He believes "buy and hold is a crock of $%#!" and diversification is for idiots. Cuban also addresses how patent law stifles creativity, but refuses to address the NBA lockout.

Some of his best advice to the average investor is to pay off your credit cards and use your cash to buy large amounts of consumables at a discount that you know you will use. This is actually very good advice. If you eliminate your expensive debt that will save you 15-25%. If you spend 5-10% less on products you will definitely use by buying in bulk, that is a direct savings.

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Company name VirnetX Holding Corporation
Stock ticker VHC
Live stock price [stckqut]VHC[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance: http://www.google.com/finance?q=vhc

VirnetX Holding Corporation (VirnetX) is a development-stage company. The Company is engaged in developing and commercializing software and technology solutions for securing real-time communications over the Internet. The Company is focused commercializing a patent portfolio for securing real-time communications over the Internet. These patents were acquired by its principal operating subsidiary, VirnetX, from Science Applications International Corporation (SAIC). The Company’s GABRIEL Connection Technology combines industry standard encryption protocols with its patented techniques for automated domain name system (DNS), lookup mechanisms, enabling users to create a secure communication link using secure domain names. Its software and technology solutions provide the security platform required by next-generation Internet-based applications, such as instant messaging (IM), voice over Internet protocol (VoIP), mobile services, streaming video, file transfer and remote desktop.

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.