“We'll own 30 to 40 stocks in both portfolios today because we think being concentrated is important.”
WR
Warren Robertson
Equity Mates Investing Podcast ·
“There aren't that many great businesses that meet all of our criteria that you can buy at a price that makes sense at any one moment in time. If we had to build a portfolio of 100 of these, you know, we'd have, you know, 85, 90 that were not as good as the top 10.”
Bill Ackman / Pershing Square · Equity Mates Investing Podcast · Bill Ackman on building the next Berkshire, AI & his next 10-bagger
Play from 33:58
33:58
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Focus portfolio on a concentrated set of high-certainty, durable businesses rather than diversifying beyond ~12 stocks
Said nearby on the same subject
“When the market is down, we leave the diversified stock portfolio alone. We take your income out of your safe, protected accounts that have not lost any money.”
♫
Said on Retire Right Radio
“From 1926 through 2025, a diversified portfolio… S&P 500 generated a return of about 10.5% a year. Small cap… 12.66% a year”
ML
Matt Ludmer
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network ·
“Diversify with your investments, not your attention… I never want to have all my eggs in one basket again… focus all in on your core business.”
DF
Dan Fleischman
Moneywise ·
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