Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Grantcw who wrote (38051)	5/26/2010 9:06:18 PM
From: Jurgis Bekepuris	Read Replies (3) of 78720

Since no concentrated portfolio advocates chimed in ;), I'll be devil's advocate here and argue against what I do (and what Paul Senior does much more). Concentrated portfolio can be great IF - one does have strong (and correct ;)) convictions about sectors and companies - one has very strict and narrow stock selection criteria that gives only few companies as a result. (Note: this does NOT mean that you narrow the criteria until only "leftovers" are left!!! I.e. if market is overpriced and there are no cheap stocks of great companies, buying a concentrated portfolio of cheap stocks in blah companies will lead you to ruin! ) - one takes a long-term, business owner approach to owning stocks like Buffett did - one has ability to objectively, thoroughly and critically evaluate everything (and more) that Dan Meleney listed in his DD list. Knowing one sector/company EXTREMELY well might work as well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next