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Mechanical Position-Sizing Framework

Risk & Portfolio

We have this mechanical, quantitative position-sizing framework to protect me from myself. When you find a company, you can fall in love with it and get emotional, thinking it should be a 50% position. But it's not, because things can always go wrong.

Source: Q&A: On Firing Clients, Sizing Positions, and Ignoring Book Value↗ April 22, 2026

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