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Typical finance textbooks purport that when you construct a diversified portfolio of about 30 stocks, you will eliminate all the unsystematic risk in the portfolio.

Typical finance textbooks purport that when you construct a diversified portfolio of about 30 stocks, you will eliminate all the unsystematic risk in the portfolio. Go to Motley Fools website and explain their position about this number. What do they recommend as the optimal number of stocks to hold in a portfolio? What is their argument for this number? If you have your own opinion and/or experience, please share it.

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