About ten or so years ago, I recall reading a criticism of an investor who was buying a small position in Broadcom $AVGO, on the basis that small-sized investments are meaningless. The position size wasn't disclosed, but even if it was $1,000, it still compounded into $40,000 today because the stock has had a 41% annual compounding run. This is obviously an extreme outlier occurrence, but I would say if someone has a dozen or two small-sized positions, a few of them may become substantial if given time to do so. You won't see me criticizing someone buying $1,000 here and there in stocks that have been riding extraordinary growth rates.

@TCII_Blog This was how I built my largest position today, $META. A few hundred here, a few hundred there…

@TCII_Blog That has been my assumption with $AXON which has quietly been a 4 bagger over the past 2 years!

@TCII_Blog I've thought about that with biotech companies; buy a couple dozen that make the cut after analysis, and buy $1k of each.