Well! Saying that Warren buffet portfolio is concentrated because of survivorship bias is misleading.
For example Take the case of American express investment . In 1963-64 Buffet had bought 5 % of American express for 13 Million dollars .
To give a reference to how big buffets portfolio was .
| assets in the beginning | $ mill |
|---|---|
| 1962 | 7.2 |
| 1963 | 9.4 |
| 1964 | 17 |
| 1965 | 26 |
| Source Buffets Partnership letters |
I agree people have different styles of investing which suit them , I like to concentrate my bets and it has worked for me over the years , others like to diversify , it works for them.
I don’t want to argue in irrelevant details on your personal thread . So cheers!
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