korrents

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About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing.

Drawn from what Bill Ackman said

investing
What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

S-curves and diminishing returns

What Bill Ackman actually said

  1. Bill Ackman Founder and chief executive of Pershing Square Capital Management
    I even recommend for individual investors to invest in a dozen companies, you don't get that much more benefit of diversification going from a dozen to 25 or even 50.

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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