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Allen C. Benello’s Followers (4)
Allen C. Benello
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Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
by
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published
2016
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7 editions
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“The strategy we’ve adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as “the possibility of loss or injury.” —Warren Buffett, 19931”
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
“some of the things which I vaguely apprehend are, like the end of the world, uninsurable risks and it is useless to worry about them”
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
“[My] theory of risk is that it is better to take a substantial holding of what one believes in than scatter holdings in fields where he has not the same assurance. But perhaps that is based on the delusion of possessing a worthwhile opinion on the matter.”
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
― Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors
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