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We tend to think of heroes only in terms of violent combat, whether it's against enemies or a natural disaster. But human beings also perform radical acts of compassion; we just don't talk about them, or we don't talk about them as much.

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Warren Buffett

There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether the manager is handling one thousand dollars or one billion dollars) is not being operated logically. The addition of the one hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation.

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