The Memo by Howard Marks cover image

Selling Out

The Memo by Howard Marks

CHAPTER

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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