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".
Trailer: 8 mega cap stocks have carried markets in 2023. Here’s what comes next
The goldilocks buying opportunity is *almost* here in fixed income
Jun Bei Liu: Top stocks for today’s markets
Trailer: Jun Bei Liu, Tribeca Investment Partners
This fundie found Afterpay at $6. Now he’s found his next opportunity
Trailer: This fundie found Afterpay at $6. Now he’s found his next opportunity
Is this the least crowded opportunity in the market today?
No lithium, no worries for this outperforming small cap manager
Trailer: No lithium, no worries for this outperforming small cap manager
James Gerrish: Low risk equity returns are back (and these stocks provide them)
Why Morgan Stanley is overweight passive in this volatile environment
John Ayoub reveals WAMs playbook for volatile markets
Trailer: The global banking crisis has changed the game, and this is how to play it
Alan Kohler: We’re in for a recession we didn’t need to have
Trailer: Alan Kohler - We’re in for a recession we didn’t need to have
From a kosher butcher shop to one of the country’s largest family offices
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
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