2min chapter

Animal Spirits Podcast cover image

The Crockpot Recession (EP.304)

Animal Spirits Podcast

CHAPTER

The Effect of Concentrated Portfolios on Index Fund Investors

If you buy a stock and hold it forever, it's not worth owning relative to owning a basket of stocks. The more diversified you are, the less likely you are to significantly outperform. Peter Lynch used to own thousands of stocks. He might have taken a small position. But he had a lot of holdings in his companies.

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