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Doing the job

Doing the job
January 25, 2017
Doing the job

That was probably just as well. Yet, despite its vagueness, Mr McCarthy's answer had merit. Put it this way, tweak it and we have a useful, generic justification for putting a holding into a portfolio; or, indeed, keeping one that's already there - it'll do a job for us.

That's more significant than it sounds. It acknowledges that, in investment, the portfolio is more important than its components. The analogy with a football team is obvious - what's needed is a collection of investments that will work well together; that will complement each other; that will, if you like, function as a team.

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