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Chris Guenther's avatar

I really appreciate how you keep yourself focused on keeping the main thing the main thing. These reminders from you help me to stay on track as well, and the "shiny object syndrome" loses some of it's grip on me.

The post on position sizing is super relevant. I think it has been one of the biggest milestones I have achieved over the last few years in investing, realizing that I want it small enough to not kill me, and big enough to matter if it really takes off. Finding this balance is magic.

I have had some real winners that could have had a much larger impact on my portfolio and net worth but I took lottery ticket (very small) bets and while they still helped me quite a bit, it could have been substantial if I had sized them the way I do now. Your 3% to 5% range makes a ton of sense and the math definitely pencils out for the risk/reward balance.

Cheers brother!

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Gambatte's avatar

Fascinating post on the handicappers. Brilliant, Bravo Ferg!

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