Shahidi: A truly diversified portfolio must hold underperforming assets
Alex Shahidi · Jeremy Grantham – GMO (Manager Meetings, EP.01) · Jul 8, 2021 · at 8:13
Alex Shahidi explains his portfolio construction philosophy and why holding lagging assets like value equities is structurally necessary.
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“By definition, You should own things that are not doing well, because if they're all doing well at the same time, you're probably going to go through a period where they're all doing poorly at the same time.”
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