Tilson on Investing with Conviction
T2 Partners' founder and Tilson Focus manager Whitney Tilson says he's willing endure short-term volatility with a concentrated portfolio in exchange for hopefully higher long-term returns.
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Mentioned: Tilson Focus (TILFX)
Ryan Leggio: In running your mutual fund, I know you run a very focused portfolio; a significant amount of your assets [are] in your top 10 holdings. How do you think about portfolio weightings in a portfolio like that?
Tilson: Well, we're not closet indexers, for sure. We're not trying to own the whole market or have exposure to every sector. It's very, very difficult to find deeply undervalued stocks.
Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.