As an investor, success can be defined by how much you make when you are right, less how much you lose when you are wrong. This means how often you are right or wrong does not matter very much in the end. Magnitude beats frequency.
Monthly archives of “May 2016”
Everything Is Cyclical
I think it’s essential to remember that just about everything is cyclical. There’s little I’m certain of, but these things are true: Cycles always prevail eventually. Nothing goes in one direction forever. Trees don’t grow to the sky. Few things go to zero. And there’s little that’s as dangerous for investor health as insistence on extrapolating today’s events into the future.
Proving Them Wrong
Pointless
The more the universe seems comprehensible, the more it also seems pointless.