We're constantly told that diversification is the only free lunch in finance. Yet most of the world's top investors choose not to eat it.
Warren Buffett, Charlie Munger, John Maynard Keynes, Lou Simpson, George Soros. All run concentrated portfolios.
Today's guest on the Rules of Investing is similarly esteemed, with a similarly concentrated portfolio.
Claremont's Bob Desmond runs a portfolio of just 10-15 "quality growth" stocks. And many of the stocks he owned during the 'free money' period of high liquidity and high growth are the same stocks he owns today.
In today's episode, Bob explains why quality growth is the best strategy in all markets, why investors shouldn't react to "bear porn" headlines, why nVidia might not be overpriced despite its recent run, and the one stock he would love to own "forever".
Christopher Joye: the RBA got it wrong, now it will crush housing, growth and the consumer
Why this ex-central banker fears a second (and even bigger) mistake
Lazard’s Philipp Hofflin reveals how the stock market really works
Trailer: Lazard’s Philipp Hofflin reveals how the stock market really works
Steve Johnson’s hunt for tomorrow’s market movers
Trailer: Steve Johnson’s hunt for tomorrow’s market movers
Success and More Interesting Stuff is back
This Hall of Famer has uncovered a stock worthy of Warren Buffett’s portfolio
Trailer: This Hall of Famer has uncovered a stock worthy of Warren Buffett’s portfolio
Move over Big Tech, these are the new flag bearers of growth investing
Trailer: Move over Big Tech; these are the new flag bearers of growth investing
Luke Smith: This commodity will grow 10x in 10 years
The commodity set to grow 10x in 10 years | Trailer
Bob Desmond: We’re finding value everywhere
Chris Watling’s portfolio preparation guide for a 2023 global recession
Mark Landau: Why it’s time to put down the last decade’s playbook
How this Hall of Fame bear is buying the dip
Why the stock market’s bubble hasn’t really burst yet
We’re in ’Tech Wreck 2.0”, and some big names won’t make it
A stealthy small cap quietly building a market monopoly
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