[Thremp]

Maxtower,

Yeah, RoR v variance is an issue as people use "risk" to describe both. You have nonsystematic risk with <20 stocks IIRC. Obviously these would also need to be diversified with reasonable respect to industry as just buying every uranium stock isn't going to cut it.

Beating the market isn't very hard in a given time frame. Beating it on a risk adjusted basis is much more difficult.