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Tango130
Now, where have I heard that before... "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."
Classic example of your second point being Tesla, it's stratospheric growth has caused many funds to to either re-think their single name and/or sector limits or regularly trim and take profits. And in the case of Baillie Gifford it's a massively outsized exposure to one name for the firm, I'm sure their chief risk dude has been having kittens over that.