chapter 5
How to construct a portfolio of shares
‘A portfolio should reflect a ‘start from scratch’ portfolio’
‘The great personal fortunes in the country weren’t built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10 per cent of your net worth in that stock’
Warren Buffett
‘Sell a stock only when you have found a new stock that is a 50 per cent better bargain than the one that you hold’
John Templeton
‘When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns – in short, being fooled by randomness’
Nassim Nicholas Taleb ...
Get Investing Against the Tide now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
