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In other words: Holdings with lower expected risks and higher expected returns should have larger position sizes Holdings with higher expected risks and lower expected returns should have smaller position sizes There are a million ways to do this, but I start by categorising holdings as defensive or cyclical and give them a default size of 4% or 3% respectively (I'm looking to hold around 20-25 companies, so 3-4% each is in the right ballpark)
Remember, too, that your overall health profile matters
Indeed, among female smokers, two years of smoking cessation reduced cardiovascular mortality by 24% [49], and smoking cessation after myocardial infarction has been reported to reduce mortality by 2050% compared with that in continuing smokers [50]
She also brought special literature targeting women and African Americans
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