
Selling Out
The Memo by Howard Marks
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Is Your Portfolio Concentrated?
Investors may have a sense for which holding is the absolute best, but i've never heard of an investor with a one asset portfolio. To me it's far better to own a small number of things about which i feel strongly i'll only have a few good insights over my lifetime. All professional investors want good investment performance for their clients, but they also want financial success for themselves.
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