Adam,
Great writing as usual with my only qualm being your Apple example. Just because Apple makes up a large percentage of the S&P 500 doesn't mean one should be less concerned - see Kodak, Sears, Enron, Lehman Bros, etc. In fact many investors (me included) hold individual shares of Apple and other highly weighted S&P stocks that, combined with ETF or mutual fund holdings, further increase exposure that may not be fully accounted for in a diversification strategy.
Dave, I can relate as I’m trying to enter the de-accumulation phase at this point and simply buy what I want when it’s needed (which isn’t much). Whenever my family asks what I want my response is a dumpster. Guess I’ve earned the Scrooge moniker honestly!
Steve you’ve got to listen to those adds more closely. The tag line is “we do better when our clients do better….” See, all that financial regulation really works!
Comments
Adam, Great writing as usual with my only qualm being your Apple example. Just because Apple makes up a large percentage of the S&P 500 doesn't mean one should be less concerned - see Kodak, Sears, Enron, Lehman Bros, etc. In fact many investors (me included) hold individual shares of Apple and other highly weighted S&P stocks that, combined with ETF or mutual fund holdings, further increase exposure that may not be fully accounted for in a diversification strategy.
Post: Managing Concentration Risk
Link to comment from October 4, 2025
Dave, I can relate as I’m trying to enter the de-accumulation phase at this point and simply buy what I want when it’s needed (which isn’t much). Whenever my family asks what I want my response is a dumpster. Guess I’ve earned the Scrooge moniker honestly!
Post: What I Always Wanted
Link to comment from November 30, 2024
Steve you’ve got to listen to those adds more closely. The tag line is “we do better when our clients do better….” See, all that financial regulation really works!
Post: Your Results May Vary
Link to comment from June 12, 2024