let's go to louie in california. louie? >> caller: good afternoon, dr. cramer. >> oh, thank you.? >> caller: i have a question about diversification and risk. >> okay. >> caller: i've watched your show for several years and i'm now newly retired. i own eight positions. i followed your advice and dip a little and sell when on temporary top. every time i sell i allocate as returned on my cal tap leaving the profit allocated to the remaining shares of the position. so now i have four stocks that are 60 to 100% owned with house's money and that's a profitable boo-yah. >> that is so perfect. you are the total game play. can i help you? >> caller: yeah. here's the question. the other four stocks at risk that i have, i own diversified and balance and most have some profit but some of them overlap the other stocks that are owned with house's money. so which is more important? diversification and balance of the whole portfolio or diversification and balance of those shares still owned by my capital? >> well, you know what, if i -- you know what i'm going to do? this is the first time i've

let's go to louie in california. louie? >> caller: good afternoon, dr. cramer. >> oh, thank you. what's up? >> caller: i have a question about diversification and risk. >> okay. >> caller: i've watched your show for several years and i'm now newly retired. i own eight positions. i followed your advice to buy a good company in stages. it dips a little and sell when on temporary top. every time i sell i allocate as returned on my capital, leaving the profit allocated to the remaining shares of the position. so now i have four stocks that are 60 to 100% owned with house's money and that's a profitable boo-yah. >> that is so perfect. you are the total game play. can i help you? >> caller: yeah. here's the question. the other four stocks at risk that i have, i own diversified and balance and most have some profit but some of them overlap the other stocks that are owned with house's money. so which is more important? diversification and balance of the whole portfolio or diversification and balance of those shares still owned by my capital? >> well, you know what, if i -- you know what

louie xvi chest valued at 65,000 or this cast iron kettle, bidding starts at $200. there are antiques from britain and tapestries from germany. the wrought iron panels that grace her grand stairway in californiareporter: there's chintz and chippen dale and gilt galore, impressionist paintings and pictures of lady o herself. she's cleaning houses because, like her images oprah's taste is changing. she she's giving her $58 million 42-acre montecito estate a facelift to better reflect, in win free's words, her true self. the montecito mansion she wrote in "o" magazine was all very grand but something was missing that thing that had been missing, she wrote, was me. oprah herself. the proceeds from the auction will go to the project closest to her heart, the oprah winfrey leadership academy for girls in south africa the first class graduated last year. >> i have never been more proud to call myself mom oprah to you girls. >> reporter: if you can't get to california for the auction november 2nd you can join in online. for "cbs this morning," bill whitaker, los angeles. >> wow. that oprah winfrey sure has a lot of stuff. i think i want to go to that auction. >> are you bidding? >> yes i would like t