Article on self directed IRAs

[nun]

To a Boglehead like myself there's one sentence in the following article that frightened me

Harnessing the Power of the Anything-Goes IRA - Yahoo! Finance

and here it is

Quote:

"A diversified portfolio doesn't allow you to earn a superior return," he says. "You have to invest in a concentrated way in the areas you know well."

[tightasadrum]

You know, like Enron or Bernie Madoff. Too bad the future is not as clear as the past.