"My single best investment has always surpassed my expectations."
As I say, that's not been so for me.
How have your investments which were not among your single best ideas worked out for you?
If not as good as the single best idea (or two or three best), then I presume you would want to concentrate your investments and put more money into your best idea/ideas. Or maybe alternatively less money or no money into lesser ideas. I assume based on your history, because your best idea(s) have surpassed your expectations, that your have more conviction with your best ideas. That's mostly different from my experience with stocks I've chosen.
As some people say though, all you need is a few good ideas, conviction, money to buy, and fortitude to hold on. I have a friend whose friend owns only one stock ---AAPL. His best (and only) idea.
Generally though I'll argue there are a lot of people and several mutual funds who only invest in their best ideas, and I'm not so sure their results surpass their expectations. Or in the case of concentrated funds, that they consistently outperform diversified portfolios of similar style.
Ah well, we're all different with different goals/skill sets/ risk profiles. Although I may not be willing to bet heavily on my best ideas, I may be like several (many?) others on SI: I'm willing to bet on YOUR best idea(s) -g-. Maybe not so much $$ though. Am certainly willing to look at your recent picks. Thanks for mentioning. |
