I'm starting to think about adapting a new investment strategy. I think this whole value investing thing is best suited to someone with more money, more experience, and more time. Hopefully one day I'll be in the position, however the reality is that day isn't today and won't be tomorrow for some time.
I am going to start looking at companies hitting new highs, coming out with new products, and trading at over 20x PEs. My jewish personality might go into cardiac arrest when I make a purchase but my irish gambling side will enjoy the rush.
Now however I will have to follow some rules because this style can be more risky. Cutting my losses at the typical 7-8%, no exceptions, should keep me safe.
A change in style is first a change in thought. I'm cool with that as long as I leave a passage back.
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