Status Updates From Security Analysis

“Charlie Munger once explained..“For an ordinary person, can you imagine just sitting there for five years doing nothing? It’s so contrary to human nature. You don’t feel active. You don’t feel useful, so you do something stupid.” A big part of investing is indeed waiting patiently for a “fat pitch” right over home plate and then swinging aggressively.”
Excerpt From
Security Analysis
Seth A. Klarman