Probabilistic Approach To Investing

Anybody who has spent some time here knows that we take a probabilistic approach to investing.  It is the basis behind our playbook and our game plan.  Here is how Cullen Roache over at "Pragmatic Capitalist" describes the same principle.  Our definition of this is a little different but he manages to hit the main point. 

"The smartest investors know that they’re actually not that smart.  That is, they recognize the fact that they’re going to be wrong a lot.  But in realizing this they also acknowledge a more important fact – they don’t have to be right all the time to succeed.  They just have to be right about the right stuff when it matters."

I suggest you read the rest of the short article at the link below.

Pragmatic Capitalist.com:  "Great Investors Think in Terms of Probabilities." 

I will be out tomorrow so the next post here will be Monday.