IntermediateMAD Academy0:44Portfolio

Concentration Builds It, Diversification Keeps It

Concentration and diversification answer different questions, and the right answer changes with how much you already have.

0:44 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00Fortunes are made concentrated. They are kept diversified.
  2. 0:05The trade. Concentration raises both the best and the worst outcome. It widens the whole range.
  3. 0:14The asymmetry that decides it. Doubling changes your life once. Losing it all changes it permanently.
  4. 0:23The survivorship problem. You hear from the concentrated bets that worked. The others simply disappear.
  5. 0:31The practical middle. Concentrate the part you could lose entirely. Diversify the part you cannot.
  6. 0:39Decide which money is which, then apply the right rule.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Concentration Builds It, Diversification Keeps It — MAD Academy Training Video · MadStockAlerts