Using Formulas…or not

Mar 2019

Realistically, there is no simple formula that leads to success in virtually any competitive endeavor. For example, if a football team employed a (1) run on first down, (2) throw a long pass on second down, and (3) throw a short pass on third down strategy/formula, it wouldn’t be long before defensive teams would prepare themselves accordingly. A successful offense consists of evaluating information and making good decisions based on all factors and conditions. It is no different in investing.