[joe_the_user]

You should never substitute a belief for an investment strategy. Seriously, even if your idea of Facebook's long term potential is correct, you can take a haircut on whatever random thing occurs today. Balance the utility of what you gain if you're right compared to the utility of what you lose if you're wrong (think twice if you really want to make a "heads, double your house's square footage, tails live off dumpsters at 65" bet).

If you want to start investing based on your beliefs, go ahead. But have a pool of money for that and be ready to lose it.

But for your retirement, diversify.

[gm]

Agree. Did not read the story because once you say "I'm putting all my eggs in [this one basket]" then you are taking WAY too much risk on a single investment.

The guy probably should take some courses on retirement/investment planning.