John Maynard Keynes on Concentration
April 09, 2019 at 08:30 AM EDT
I shared Charlie Munger’s take on concentrated portfolios a few weeks ago. For similar reasons, I thought I’d share John Maynard Keynes’s view on it as well. Keynes’s reasoning comes as a response to criticism from Francis Scott for taking a too large position in Elder Dempster stock. He initially...