Notes from the Diamond #8: Room For Doubt
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David-great analogy, baseball to investing. Both look like team sports, but are really individual sports.
Mr. Darcy’s 10,000 a year is a lot more meaningful than the value of his estates. I’m an 80-year-old egg farmer type who has chickens enough for us to live comfortably on the eggs for the rest of our lives. This story all by itself makes the pittance I pay epsilon for access a mere trifle. Thanks, all.
Peter: Yes and no, I’d argue – and will do so in my next note (#9). Most of what happens on a baseball field involves more interdependent action and reaction (a/k/a teamwork) than meets the eye. For better or worse, the same is true in most corners of the money management business. Please stay tuned for my further thoughts on this topic (in #9). Meantime, thanks for reading and commenting on #8.
Dear Roy: Thanks for your good and kind thoughts here. I hope you and yours enjoy many more years of tasty and fulfilling egg consumption. All the best, David
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