Long-Term Records are Full of Ups and Downs Varying Outlooks may be a Recipe for Success

Play Your Strengths

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It’s important to play to your strengths. As an investor, I’m not a home-run hitter and can’t think of a lot of securities on which I’ve made ten times my money. But I also can’t think of a lot of securities, post-1970, on which I’ve lost a meaningful amount of capital. It’s not really much more complicated than that.
Source: http://www.valueinvestorinsight.com/