Nice explanation. Just my one question which is missed by you…
Now its quite clear that , Warren buffet, start a normal position and that position becomes big by market forces. He , himself doesnot concentrate.
My question was that, if this is so, why he advises retail investor to concentrate? He has nothing to gain to misguide us, lesser mortals? Or he is just trying to give his final recipe, without putting us into process to find it for ourselves? What am I missing here?
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