Bill Ackman works with a very small group of people around him (less than 10) unlike other hedge funds that employ lots of people. He also concentrates his portfolio to just a select 10 positions approximately.
Mr William J. O'Neil (Founder of Investors Business Daily) has a whole chapter devoted to:
"Money management"
in his book (4th edition) "How to make Money in the Stock Market".
He recommends not to have any more than 8 to 10 stock positions if a retail trader/investor has a $Million portfolio. For someone with less than $500,000 portfolio, 6 to 7 stock positions is considered ideal.
Hope this video inspires you to get involved with trading Growth Stocks. We are in the greatest bull market that could last until 2025 or longer. Learn the Growth Stock investing system of Investors Business Daily to Out Perform the Market.
One of the things that inspires me about investors like Bill Ackman and Warren Buffett is that they have made a commitment to leave a large part of their fortunes for the public good. It's their way of paying forward.
Happy Trading!
Amin
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