Winning as a Habit

“Winning is not a sometime thing; it’s an all-the-time thing. You don’t win once in a while; you don’t do things right once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing.” – Vince Lombardi

Worst trades are the ones that you miss – if you are properly managing risk, no one trade can put you out of business. But the ones you miss, where you could have been up 30, 40, 50 percent in a year, those are the ones that really hurts, because those are the returns that build longevity into a franchise.

To win, you don’t have to change your investment style (value + catalyst) and/or philosophy (capital preservation first, followed by capital appreciation)

But you need to pick the right fight before fighting hard

– right asset class/allocation

– best risk/reward (btw long and short as well as among different sectors)

– best timing (catalyst in place)

And you will have to convert the right flight into a winning battle or even better, a career-making war

– concentrated betting on winning ideas

– avoiding loss-making strategies

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