new thread, page-150

Great discussion of LICs. Whilst I recognize the benefits provided by LICs they require excellent manager to just out perform their ASX benchmarks, but for the small investor provide an excellent exposure to many great companies, but in reality can't outperform the likes of TOL or WOW over a 10 year period.
CK interested to hear your thoughts on which 6 companies you believe are going to outperform over say the next 5-10 year period.
If you had to creat a mini ARG portfolio which would be the 4-6 stocks that would make up the 80% proportion of the portfolio on the basis only one stock per sector i.e. one resource, & one retailer (if selected).
Notice a lot of LIC have 4-5 banks in top 10 when an ideal portfolio would only be looking for the best one.
Also including other LICs is probably opting out of some hard decisions & accepting a competitor may have a better spread/slightly different mix, but can't see the point of not finding an alternative stand out company.
Like the idea of AUI who have their portfolio slightly geared as it makes sense when over the long term they can out perform borrowing costs.
I guess my challenge is can this thread create a portfolio of say 4-6 ASX stocks that would outperform all LICs.
I personally don't believe a portfolio needs a large number of stocks. A small concentrated portfolio must outperform all indexes provided the right stocks have been selected in the first place.
Regards
Buffett