No. of Recommendations: 1
I respect investing'not trading, and keeping it simple. I started with only Berkshire Hathaway, by pure luck, which might be my best strategy, but I am curious about these things and they are becoming more comprehensible to me. I may, like you, come to understand them well enough and eventually dismiss them, in favor of the simpler way.
When i first took a pottery class, i centered a hunk of clay and made a beautiful vase. I thought, wow, this is easy, so I smashed it down to start another. It took me weeks and months to figure out the things I had done instinctually. Even longer to do it on command. I'm kind of circling back to buying only when there is blood in the streets. I did it originally because I only had that once concept, Mr. Market, who made it so compelling, at the time. Turning it into a strategy involves the practice of discipline and context, which is really hard. So, I'm passing the time trying to understand different things.
I'm not sure if I am naive or if I do, in fact, have a strategy. It's too soon to tell.
But, in a way, I am going into production. :)
All good pieces of wisdom you passed along here. More to consider.
Thanks
Elizabeth Foley
