flavored tobacco california ban U.S. Supreme Court declines to block California's on cigarettes Calif updates state ban on

According to an employee, the company avoids purchasing flavors that are too childlike in design, even if they are desirable flavors

Bear Blend products are intended for adults 21 years of age or older

"Imperial is bought and broken up

In other words: Holdings with lower expected risks and higher expected returns should have larger position sizes Holdings with higher expected risks and lower expected returns should have smaller position sizes There are a million ways to do this, but I start by categorising holdings as defensive or cyclical and give them a default size of 4% or 3% respectively (I'm looking to hold around 20-25 companies, so 3-4% each is in the right ballpark)