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In other words: Holdings with lower expected risks and higher expected returns should have larger position sizes Holdings with higher expected risks and lower expected returns should have smaller position sizes There are a million ways to do this, but I start by categorising holdings as defensive or cyclical and give them a default size of 4% or 3% respectively (Im looking to hold around 20-25 companies, so 3-4% each is in the right ballpark)

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But he said he would not accept a study constructed by a biased person with the objective of obtaining a certain result. Trump was duly elected, and he appointed Kennedy as HHS secretary to carry out priorities Trump had advanced during the campaign