At its peak this summer, Valeant represented 32 percent of the fund's portfolio, according to Sequoia, a hugely
concentrated bet even for a fund like Sequoia, which invests in a smaller number of stocks than most funds.
Not exact matches
Yet it appears that we are doing just that; according to Kate Blosveren Kreamer of the National Association of State Directors of Career Technical Education, only 20 percent of high school students «
concentrate» in career and technical education,
even though that's a better
bet for many more of them.
One definition of a «stock pickers» market» is a tailwind for
concentrated bets,
even if they are made by the unskilled investor.