Portfolios are constructed with a focus on equity exposure, using a limited set of carefully selected holdings. Diversification is approached deliberately, with the goal of balancing concentration and risk rather than maximizing the number of positions.

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Portfolio decisions are informed by empirical analysis and an evaluation of how portfolios behave across different market environments. Emphasis is placed on consistency, risk awareness, and avoiding unnecessary complexity.

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Where appropriate, portfolios may incorporate liquid, low-cost investment vehicles to complement core holdings and maintain flexibility.

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