Portfolio Concentration
topic on 2 shows · 3 statements across 3 episodes
Capital Allocators 
Big Technology
3 statements about Portfolio Concentration, every show
Markowitz: Spreading bets too thin prevents creating meaningful outcomes
“Because if you spread your bets too thin, you're never really gonna. Create anything meaningful.”
Montgomery: March Capital puts 75% of fund capital into 10 companies
“We'll concentrate at the 15% in any fund in one company, and then 75% of our investments will be in 10 companies in a fund, and we'll monitor companies for a couple of years before we invest, so we really know them well, so.”
Hight: Active managers must concentrate into ~30 stocks to generate alpha
“If we as active managers want to survive, we need to do what we're good at, which is picking good stocks, and not diluting ourselves with portfolios of 100 plus stocks. If we can pick 30 good positions, 30 may not be the, there's no magic number here, it's gon…”