The other part is as Gautham mentions.
Broadbase larger allocation portfolios for more stable all-weather performance - maybe sacrifice a little on the returns - for more stability -as Capital Preservation becomes more important, than aggressive growth. So a 60:40 or 70:30 Aggressive small company opportunities with stabler more mature, but still growth phase big companies is my quest from 2013 onwards!
Thanks Gautham. I agree totally on the theme, but may have very different choices to make than Nestle, GSK types - there are better growers with similar stability characteristics - and there doesn’t seem to be much evidence that markets have preferred the Nestle, GSK, Colgate types more. As you said, it all boils down to performance over the longer term, so I need to take a call on why others will perform better/ or why not.