Quitting the Hedge Fund Game - Mark Sellers [View article]
I understand that Mr. Sellers saw MCF as an undervalued investment. My point concerned the strategy of having roughly 83% of the fund's assets in one stock. A concentrated portfolio is a tactic employed by many succesful value investors, but this is extreme and, in my opinion, reckless.
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I understand that Mr. Sellers saw MCF as an undervalued investment. My point concerned the strategy of having roughly 83% of the fund's assets in one stock. A concentrated portfolio is a tactic employed by many succesful value investors, but this is extreme and, in my opinion, reckless.
Oct 16 21:56 pm
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