The agony/ecstasy of concentrated stocks

Extreme winners are extremely rare

What I’m reading about de-risking big, chunky, public equity positions:

• The Tax Adviser (2011): Diversifying Concentrated Positions in the Most Tax-Efficient Manner

• Calamos (2024): A Comprehensive Approach to Concentrated Stock Positions

• JPM (2014): The Agony and the Ecstasy: The Risks and Rewards of a Concentrated Stock Position

• JPM (2021): The Agony & the…