As any investor knows, finding stocks you want to buy is just the first step in building a robust investment portfolio. Determining the size of each position is the next critical step. Today’s blog is the final part in our series explaining how we size the positions in our managed funds. In the previous blogs we examined the factors and tools necessary to determine an appropriate position size for each individual stock idea. However, until now we have been working in a portfolio construction vacuum of sorts, treating each stock in isolation from the others. This final blog considers the broader context of the portfolio, including interactions between stocks and overall portfolio risk management practices.