Does having a small group of friends better than a large group of friends?

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I tend to keep a pretty small number of friends, but I do have lots of acquaintances. In my opinion, having a small number of friends is much better because it's low maintenance. You don't have to keep tabs on each one of them, instead you get to nurture deeper and more meaningful relationships. I think with a large group of friends, you lose all of that... and for what? Just so you can say you have more friends than what your fingers can count? I don't think so. So, what are your opinions on this? Do we really need a lot of friends or are keeping only a few people close much better? I want to know the general consensus here in MyLot.