Basis Northwest is coming to Seattle. Check out the announcement for more info.
In this post, the author calls Stanley Druckenmiller the GOAT and says things like “diversification is where conviction goes to die,” etc.
This is a surprisingly common view.
Morgan Stanley published a piece last year on many behavioral aspects of holding concentrated positions (HOPES for Concentrated Equity: A Multi-Strategy Approach), including the “eyeroll” table.
I really like this paper.
Except it leaves out one big thing…