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Scott Reardon: Quantitative Deep Value & Qualitative Fundamental Portfolios

The Security Analysis Podcast

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The Importance of Concentration in a Portfolio

In looking at the great investors, I don't think any of them were running portfolios where they held 50 stocks. And it's hard to follow more than 20 stocks. Like how are you possibly following 50 companies? It's a nightmare. That said, when you concentrate, if you're only holding five or six things, that just seems a little scary.

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