TopicEquity Investing1 note on equity investing.02September 30, 2026Don't Hold Concentrated Stock PositionsEquity InvestingPortfolio ConstructionExpected Returns↗Most of the market's gains come from a small number of extreme winners, and many individual stocks suffer permanent losses, which makes concentrated positions riskier than they look. Plus, why concentration can be hard to avoid.
02September 30, 2026Don't Hold Concentrated Stock PositionsEquity InvestingPortfolio ConstructionExpected Returns↗Most of the market's gains come from a small number of extreme winners, and many individual stocks suffer permanent losses, which makes concentrated positions riskier than they look. Plus, why concentration can be hard to avoid.