A diary of the thought process behind my investment decisions
Yesterday I wrote a column called Patience is A Virtue, where I wrote "Warren Buffet has said there are no called strikes in investing". Yet, on the same day I got sucked into a trade that I myself had said only had a marginal positive risk/reward profile. Luckily, the position was small and the loss I am taking is tiny. I have been trading very patiently for the past few months but once in a while a reminder is needed. Luckily, this one was cheap.