Snapshots of Concentrated Wealth in Behavioral Portfolios

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.