Would You Marry 3 People as a Hedge? Then Why Do It with Your Portfolio?
“If I got a rupee every time someone asked me why Endurance Capital invests in a concentrated way… I’d probably be giving Ambani a run for his money by now 😅__”
And the questions never stop coming:
❓ “Why only a few? Isn’t diversification safer?”❓ “Why not hedge with contrary bets?”❓ “Why not chase hot sectors and momentum? — after all, everything going up must be good, right?”❓ “How do you sleep at night with a concentrated portfolio?”
💡 My Answer: Why Rock the Boat?
The stock market gives us the privilege of owning slivers of the best businesses in India — run by some of the sharpest capital allocators on the planet 🌍.
So my question back is: why rock the boat?
Even compounding at 10% annually (roughly India’s nominal GDP growth), over 50 years = 117x wealth.
Now imagine what exceptional businesses — run better than average, allocating smarter than average — can do over the same period.
We aren’t playing quarters. We’re playing lifetimes. ⏳
👨💼 It’s the Same in Entrepreneurship
Would you ask Narayana Murthy —
👉 “Infosys is great, but why don’t you also start a restaurant chain as a hedge?”
Or would you walk up to the founders of Asian Paints and say —
👉 “Paints are fine, but why not hedge by starting a cement business too?”
Ridiculous, right? The very best entrepreneurs become legends by focusing, not by hedging.
💍 The Marriage Analogy (Because Why Not Have Some Fun)
If you find a life partner who’s wiser, kinder, and helps you become a better version of yourself every day, would you say:
👉 “Great, but why don’t I also marry two more people as a hedge — just in case?”
Of course not. You commit. You nurture. You compound habits and values over decades.
That’s exactly what owning a handful of exceptional businesses feels like.
🎯 The Point
Public market investing = business ownership, period.
When you see yourself as a co-owner of outstanding businesses —
✅ Volatility becomes background noise.✅ Concentration becomes conviction.✅ Compounding becomes inevitable.
The stock market gives us a rare privilege — to be long-term owners of some of India’s finest companies and ride their growth over decades.
So why not sit back, relax 😌, and let these exceptional management teams do what they do best?
