Listen to the deep-dive discussion – The Attention Cost of Bookmark Stocks (34:23 min) “The difference between successful people and very successful people is that very successful people say no to almost everything.” — Warren Buffett The Universal Principle Every decision has two costs. The first is visible: money, time, effort. The second is…
Category: Sizing
Position Sizing – The Final Act of Conviction
Listen to the deep-dive discussion – Position Sizing Matters More Than Stock Picking (31:18 min) “You have your best idea and your tenth-best idea in the portfolio at the same weight. Why?” — The Infinite Investor “The idea of excessive diversification is madness. Going into your seventh one rather than putting more money into…