Building a Portfolio
Turning individual picks into a resilient whole that fits your goals and nerves.
Lessons
- What a Portfolio Really IsNot a pile of stocks, but a deliberately balanced system with a job to do.
- Diversification: The Only Free LunchHow holding uncorrelated assets lowers risk without lowering expected return.
- Correlation: When Diversification FailsOwning 20 stocks that all crash together is not diversified. How to tell the difference.
- How Much of Each to HoldConcentration builds wealth; over-concentration destroys it. Finding the line.
- The Core-Satellite ApproachA stable index core plus a few high-conviction bets — structure with room to play.