"JP has always stated that you might want to spread your junior investments to a range of companies as some may indeed fail to live up to expectations and therefore 1 or 2 company failures will not drain your junior portfolio."

I guess this is just one on of the things that distinguishes JP and most of the rest of us from Livermore and Buffet. Their one or two great successes didn't fail.

Cheers,

Baires

Ps. We really do not know what JP does personally with his own money. Who knows, maybe he's another Livermore?