I being a concentrated stock investor tend to differ from the allocation and profit booking for portfolio balancing.
When you talk about allocation would you be admitting that you might be wrong and want to diversify?
When you diversify, you limit the risk thereby yielding risk-adjusted returns. would you be in peace with it?
Why do you allocate when you want to build wealth?
Wouldn’t you allocate to manage wealth?
why would you not harness an opportunity when you come across it and tell yourself to allocate a certain percentage of your money to it.
Think like a businessman and you will see the difference and my point of view.
Thanks once again
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