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Is It a Good Idea to Have a Small Group?
Theory work is largely theoretical. I don't do work that requires four or five people, a couple of post stocks with six or seven grads under them to actually make my research go. If you're doing theory work, it will be a net loss in your time to do research, to be supervising someone. The small amount of delegation, et cetera, they can do really should be far outweighed by the time you need to invest in supervising and mentoring these students. It's completely fine for you to keep a small group. That's not an issue, so long as you're meeting the expectation that your university has for student mintership. Focus on