Be Lazy

Because I sure am. Everyone is always saying, do your own homework, do your own research, etc. I think the idea there is that you will eventually come across a rare investment idea or thesis that you will be able to capitalize on. This is where I start to believe there is more than one way to skin a cat.

These days, there is so much valuable commentary (and exponentially more bullshit that must be ignored of course..) that I do believe, when appropriately synthesized, can generate excess market returns without additional risk. If you wanted to call it something so you could look cool to your friends you'd probably head to the first greek letter.

Enough baffoonery. Now obviously this synthesis process requires you not to be lazy and among other things have an excellent memory, vigiliance, and a feel for what information to filter out. This is a top-down approach, except that, instead of doing the time intensive micro research we take a leap of faith.

More on the justification of this 'bottom jump' in the future.