4 Tips about Concentration

Early in my career I had 20% of my portfolio in Johnson & Johnson just before Tylenol was laced with poison. My objective is to produce an...
You simply want to acquire, at a sensible price, a business with excellent economics and able, honest management. Thereafter, you need only monitor...
If I didn’t have partners, the concentration [65% of the portfolio in the top seven stocks] would be even higher. A company compounding capital at...
Our ideal is 25 roughly 4% positions, though the reality varies around that. We believe concentration is tied to outperformance, but many...