In investing, there is no higher honor than courageously abstaining from committing capital to overpriced issues, particularly those in favor, and, amidst an abundance of mediocre issues, courageously refusing to settle for nothing but the most superior asymmetries.
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Replying to @ThirstyStep @ValueStockGeek
Going long on Tesla: honorable. Going long on the Washington Post in the 1970's: honorable. Going all in on a short-term put option on Amazon: honorable. You're conflating psychological and risk discrepancies, all which may prove rewarding, but are not mutually honorable.
10:42 AM - 17 Sep 2018
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