Some investors think the fewer positions you own, the cooler you are. Vitaliy recalls meeting investors at a conference years ago that had less than 8 stocks in their portfolios. Unfortunately, the financial crisis put them out of business. In this podcast, Vitaliy explores the tricky subject of position sizing, and how IMA uses first principles to build a resilient collection of businesses. You can read this article online here: https://contrarianedge.com/position-sizing-how-to-construct-portfolios-that-protect-you/