At the Money: Building A Concentrated Portfolio

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 8 May 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are your expensive active mutual funds and ETFs actually active? Or, as is too often the case, are they only pretending to be active? Do they charge a high active fee but then behave more like an index fund? Andrew Slimmon, Managing Director at Morgan Stanley Investment Management, speaks with Barry Ritholtz about the advantages of concentrated portfolios. If you want to own active funds, then make sure they differ their benchmarks and truly are active.

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Transcript

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0:00.0	The countdown has begun.
0:02.0	This May, a thousand global leaders will gather in Doha for the Carter Economic Forum powered by Bloebag,
0:08.6	held in conjunction with our official partners, the Carter Ministry of Commerce and Industry and
0:14.3	Media City Carter, and Premier sponsor, Q&B.
0:18.5	Join heads of state, influential ministers and leading CEOs to make new connections and gain unique insights.
0:26.4	Learn more at cuttereconomicforum.com. Less is more. How many
0:35.0	how many breathe? Cause so much of a good thing can be bad.
0:40.0	See we don't wanna go up like that.
0:42.0	This is more.
0:44.4	How many stocks do you need to own to really be diversified?
0:48.9	The number is probably a lot lower than you think.
0:53.0	Concentrated portfolios are the opposite of broad market
0:56.8	indexes or funds and EDFs.
0:59.4	They only own a handful of stocks, typically 20 to 30 names, the goal is to own the best
1:06.0	performers without all of the dead weight. I'm Barry Ritoltz and on today's
1:11.2	edition of At the Money we're going to discuss whether or not you
1:14.8	should own a concentrated portfolio.
1:18.2	To help us unpack all of this and what it means for your holdings, let's bring in Andrew Slimin.
1:23.6	He's the managing director at Morgan Stanley Investment Management,
1:27.0	where he leads the Applied Equity Advisors team
1:30.5	and serves as senior portfolio manager for all of Morgan Stanley's long equity strategies.
1:36.0	His team manages about $8 billion in client assets.
	...

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