Vitaliy N. Katsenelson, CFA, is a portfolio manager with Investment Management Associates, based in Denver, Colorado. He is also author of “Active Value Investing: Making Money in Range-Bound Markets” and he maintains a Web site at www.activevalueinvesting.com..
Articles by this Author
Stock Strategies »
A large number of holdings makes it impossible for investors to know their companies well. At the other extreme, holding just a handful of stocks can subject you to unnecessary risk and also impairs your ability to make rational decisions under pressure. Managing these emotional realities is one of the more subjective aspects of risk management through diversification.
April 2008 | Journal