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and even such people are better waiting for the fat pitch twenty punching hole style a la warren bffuett
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“Fat Pitch”Wait for the perfect investment opportunity — one that’s easy to understand, clearly undervalued, and has great long-term prospects.
Then swing hard (invest heavily).
“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one in your sweet spot. If people are yelling, ‘Swing, you bum!’ ignore them.” – Warren Buffett
“Twenty Punching Hole Style” (More commonly: “20-slot punch card”)
This is a thought experiment — not literal.
“I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches — representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. Under those rules, you’d really think carefully about what you did…” – Buffett
Putting it together:This philosophy is the opposite of:“Fat pitch, twenty punching hole style à la Warren Buffett” means:
Adopt a long-term, highly selective investment strategy, waiting patiently for only the best, most obvious opportunities — and when they come, invest with conviction, as if you only get a few chances in your life.