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

Added to korrents 20 Feb 2024 · How quotes work · Something wrong? Tell us

Related korrents

Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.

• The worry that AI's returns are locked away in private companies is overstated: well under a fifth of American market capitalisation is private. PTPhil Trammell4 Jun 2026similar wording
• Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. BABill Ackman20 Feb 2024similar wording
• At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. JDJamie Dimon16 Jul 2025similar wording
• Give a banker twenty per cent of the profits on a thirty-times-levered book and he will take it to forty times, because the extra leverage is worth a quarter of his bonus. JDJamie Dimon16 Jul 2025similar wording
• A margin only counts while you are still investing heavily, because cutting the investment raises this year's margin and lowers the long-term one. JDJamie Dimon16 Jul 2025similar wording

On the map

Open the map on its own page →