In 1519 the Spanish Explorer and Colonialist, Hernando Cortez arrived the New World with about six hundred men. He was determined to set up a colony in America by conquering the local Red Indians but needed the maximum cooperation of his men in his quest. While his men slept, he burnt all their ships thereby making them burn their bridges and leaving no room for any alternative plan to go back to Spain. The men fearing death in a strange, cold land fought with all their might and defeated their adversary.
World’s wealthiest investor Warren Buffett was once asked his investment strategy and he replied in simple language: ‘Put all your eggs in one basket and watch it carefully.”