A stock I like

After reading The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility"
I convinced myself that every portfolio should have a collection of research oriented bio-pharmaceutical stocks.

Crucell (CRXL) is a dutch bio-pharmaceutical company that specializes in vaccines for infectious diseases. It was founded as a research lab and they merged with another company that had rights to many vaccines about 4 years ago, giving them a steady cashflow to finance their research. I think they're well positioned to hit a homerun.

Geographic Diversification

Not all diversification is related to sectors of the economy, geographic diversification is also important. You want a portfolio with some global exposure, not just United States stocks, and you want a mix of regional stocks spread out across the United States.

Some stocks to consider for geographic diversification are:

Ohio Valley Banc Corp (OVBC) a regional bank in Ohio.
Tara Moters (TTM) an auto and truck manufacturer in India
Dover Downs Gaming (DDE) a deleware racetrack and casino
Sabine Royalty Trust (SBR) an oil and gas trust centered around the gulf states
Essex Property Trust (ESS) A california residential REIT
Rocky Mountain Chocolate Factory (RMCF) Canadian specialty retailer