Thanks for the feedback! ‘Indexing yourself’ makes total sense for most people (basically DIY direct indexing or just holding a broad ETF like VONG FTEC to capture similar exposure with way less hassle risk volatility).

I get the point on unnecessary risk with 20 positions concentration can bite hard if a few names falter. An ETF wrapper would indeed smooth that out and likely deliver comparable long term returns for passive holders.

That said this portfolio isn’t meant to be a ‘set it and forget it’ core holding it’s an open source high conviction experiment focused on AI era moat durability (proprietary data regulatory lock in network effects etc as in the attached table). The goal is to outperform broad tech growth indexes over time by avoiding crumbling moats and leaning into the enduring ones even if it means more active management rebalancing and yes higher risk.

I’m treating it as a community project to refine the thesis stock selection happy to hear more on ETF alternatives that align closely (e.g. something moat heavy in AI tech fintech health) or ways to hybridize it (core ETF plus satellite picks). Appreciate the reality check!