Thoughts on Diversification vs. Concentration
Posted onI am thinking about concentration vs diversification. On the one hand, I don’t want to own a bunch of cheap stocks that aren’t very good businesses. I will own a few with asset backed protection, but I will diversify in these cases. I would be willing to concentrate my portfolio (10, 15, or even 20%) into one stock if I truly understand the business and I determined that it had a competitive advantage and a durable position in the market […]