There is strong academic research showing that diversification benefits roll off quickly, with research suggesting that 6-8 stocks to 10-12 stocks capture most diversification benefits, and that owning 25 stocks is not necessarily safer than owning half that number if the quality is right.

factualpending

Speaker

Chris Mayer

Evidence Quote

I remember Joel Greenblatt he said something like six to eight. The advantages of diversification roll off pretty quickly.

Source

100 Baggers: Stocks that Return 100-1 w/ Chris Mayer (TIP543)The Investor’s Podcast
Created: 8/10/2026, 10:53:18 PM

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