"Joe and I agreed that I wasn't going to be handing him one narrow portfolio," Mr. Obama said.
"In any Administration, the question is, How do you raise an issue from one that people with a narrow portfolio worry about to one that people with a broad portfolio worry about," Stephen Sestanovich, another high diplomatic official in the Clinton Administration, whom I saw in Washington last week, told me.
"Aston Martin must be less dependent on a narrow portfolio and one type of customer," Mr Palmer said.
Martin Shenkman, a Paramus, N.J. lawyer, has clients with some assets carved up into narrow portfolios, each in a different trust.
Corporate executives and their Wall Street counterparts are subject to fads, and they have gone through previous periods in which first broadening and then narrowing business portfolios have taken center stage.
The view that Smiths could narrow its business portfolio through asset sales could continue to move the shares, but we do not see enough upside to fundamental value to justify an overweight".
And it should improve its management of the remaining portfolio by narrowing its focus, thereby persuading capital markets to give it a higher valuation.
Put differently, people potentially deny themselves the benefits of greater diversification by buying a fund with such a narrow mandate, said Ashish Swarup, portfolio manager of the Fidelity Emerging Markets Discovery fund.
They have also urged NSF to narrow the scope of its research portfolio by reducing spending in the social sciences and geosciences.
A word of caution: Among the smaller defense stocks, product portfolios tend to be narrower, so such companies are more vulnerable than their larger counterparts if one of their defense contracts is cancelled.
