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Why I’m Not Adding a Third Position: A Concentrated Investor’s Comparison of WISE, Duolingo, and Nubank

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FJ Research
May 12, 2025
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There’s an ongoing pressure, both internal and external, to diversify—especially once your first two bets begin to work. And lately, that pressure has grown louder as Hims & Hers and Oscar Health have both delivered substantial momentum. I’ve asked myself the obvious question: should I add a third position? More importantly, does adding a third stock in…

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