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TIP546: The Holy Grail of Long-Term Value Investing
We Study Billionaires - The Investor’s Podcast Network
The Importance of Concentration in Portfolio Management
Wealthiest people became wealthy through concentration with examples like Jeff Bezos, Bill Gates, and Mark Zuckerberg/nJoel Greenblatt recommended purchasing six to eight stocks in different industries and avoiding adding more to decrease risk/nMarket risk cannot be eliminated merely by adding more stocks to the portfolio/nConcentrating the portfolio vastly outperforms the market because great ideas are rare/nPhil Fisher believed that holding over 20 different stocks is a sign of financial incompetence/nIt's better to hold a handful of individual stocks you know really well and you're really confident in than owning 20 stocks you know just somewhat well
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