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Scott Reardon: Quantitative Deep Value & Qualitative Fundamental Portfolios

The Security Analysis Podcast

CHAPTER

The Downside of a Super Concentrated Portfolio

Even Greenblatt said that he was running an ultra concentrated portfolio like that and he said his clients couldn't handle it. I think it does stem from just this kind of that principal agent mismatch. And no one's going to sit down with you as a client and say, well, here's the deal. You can only engage in this sort of, you know, you try to minimize embarrassment. Yeah.

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