Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that behavioral portfolio theory can justify concentrated investments when they offer a meaningful chance of reaching transformative goals without endangering the assets or earning capacity needed to maintain an acceptable standard of living.
Derived from original PMR research written by Robert F. Engle and Ahmet K. Karagozoglu using AI and an editor (2026) studied this question.