I believe that diversification is the only free lunch in investing. However, different investors have different takes on the topic of diversification. Some claim that it makes sense to only invest in their best ideas.
In this article, I will try to discuss the pros and cons on the focused approach. I was able to identify somewhere between five - six pros and cons to having a concentrated portfolio. At the end of the article, I will talk to you about my take on the situation.
Disclosure: I am/we are long MO, PM, V, CASY, PEP, KO, DPS, GWW, MCD, PG, WMT.