Why 15–20 Stocks Is All You Need

Tony noticed this arti­cle by Bob Desmond from Evans & Part­ners and thought I should share it with you. Excerpt:

“…we pre­fer to con­struct a port­fo­lio of 10–15 high qual­i­ty busi­ness­es, whose earn­ings have a very good chance of grow­ing well ahead of infla­tion over a long peri­od of time ― and when the inevitable bad times come, we know we own time-test­ed busi­ness mod­els, fortress bal­ance sheets and sea­soned man­age­ment teams that will get us through to the oth­er side.”