Vaibhav Porwal: Portfolio is a system, not a stock basket

• Vaibhav Porwal of Deserv advises treating investment portfolios as a system for long-term wealth growth and capital protection, rather than a loose collection of securities.
• He warns against the behavioral trap of chasing recent market performance, citing the shift from equities to gold and silver.
• Porwal suggests a portfolio structure with a stable core (domestic/global equities, fixed income) and a tactical layer for limited exposure to assets like gold or real estate.
• Key factors for stock selection include valuations, avoiding overcrowded trades, and managing narrative risk.
• Discipline will be the most significant advantage for investors in the coming decade, as traditional information and analytical edges diminish.

Why It Matters: This advises investors on building a resilient portfolio system for enduring wealth.