Hagstrom says that to excel in today's environment, investors must be willing to make
concentrated bets which means that one should not invest in more than 20 stocks.
Not exact matches
The only institutional investor that owns more of HFC stock is Turtle Creek Asset Mgmt
which holds a
concentrated bet (25 positions in total) for 19 % of the embattled lender.
Doing the math, Pabrai seems likely to hold around 11 - 12 positions,
which is still fairly
concentrated, although provides some diversification out of equity specific risk (non market risk) and makes «riskier»
bets a smaller proportion of his portfolio.
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.
Fluoride in the water supply can be a problem for cats,
which also adds to
concentrated urine, so testing your supply at home for contaminants is your best
bet.