Invest
TTI’s Top 5 Generals
By SG ThumbTack investor  •  February 2, 2020

To concentrate? Or to diversify?

This has really been on my mind a lot lately.

Buffett says diversification is just an insurance against ignorance.

Which is really a fancy way of saying that if you’re not entirely sure, or if you think you are sure but am concerned that the world may throw you a curveball, then diversification would help cushion any potential road bumps. But it works both ways. I don’t think it’s possible to get really really amazing returns in the long run if one diversifies too much.

Ackman’s Pershing square has what… $10billion under management? And he holds less than 12 names at any 1 time. And even that is misleading cos most of the capital goes to the top 5 or 6 usually. But he has a return of >50% in 2019 to show for.

Bill Miller really scored in 2019, with a +120% thereabouts, and

...
Read the full article
By SG ThumbTack investor
I am a Singaporean male in my mid-30s, and this blog chronicles my investing ideas and activities. I hope to search for and find contrarian and deep value investing ideas and will chronicle all these ideas here, both the successes and the failures. (hopefully less of the latter) ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance