I'd always said that if a guy was long the best 50 companies he knew and short the 50 worst, if that didn't work you were in the wrong business. But that strategy was literally a recipe for bankruptcy from 1998 to 2000. I said when I closed down that it was a market I didn't understand, and I didn't.
Source: Value Investor Insight's Words of Wisdom
Was this Tip useful?  
Was useful  Was not useful
Copy and paste this HTML in your website to link to this page