Ed Borgato @edborgato.bsky.social · 05/10/2026This - via Murray Stahl - is spot on. I've had to confront this problem many times. If you are actively raising money, you can fade the concentration, but if not, this becomes a problem. Few clients will tolerate what it takes to maximize the results of a monster compounder. That's what PAs are for. 030
Ed Borgato @edborgato.bsky.social · 02/08/2026Suffering no cost for ignoring the world for a while makes me want to do it more often. 020
Ed Borgato @edborgato.bsky.social · 15/07/2026Fintwit archive, 2013. Seeking a daily explanation for every move is a waste of time. 020
Ed Borgato @edborgato.bsky.social · 09/07/2026Fintwit archive, 2014. When I posted this 12 years ago, it was partially aspirational. I've gotten a whole lot better at doing less since then. 120