Geoff Considine

Portfolio with Substantial Single-Stock Concentration

Yeah, there is something a bit paradoxical in all this. I pick individual stocks that I feel are good firms and that have good portfolio effects (Buffett). What I was trying to say is that you need to commit to one route or the other. If you are going to go with small positions in various firms, you will end up with less than ideal results. If you don't want to analyze stocks, go with asset class allocations (Bogle). If you do analyze stocks, take a smaller number of decisive equity positions (Buffett). If you read my articles you will see that I am a fan of buying individual equities in real concentrations--not trying to replicate an index. If you are nervous enough to go with 1-2% allocations to things, you may as well go with asset class investing. Thats what I was trying to say.

But Cramer? Haven't you seen the analyses showing the performance of what he pitches? He is the antithesis of rational portfolio construction :)