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Mike Serebrennik
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I am a physician by training and now a full-time investor and entrepreneur, with a focus on spin-offs. If spin-offs outperform as a group, why not select stocks from this group as opposed to the broader universe?
  • A Little-Known Way To Increase Your Success Rate 0 comments
    Feb 17, 2014 1:15 PM

    "I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches - representing all the investments that you got to make in a lifetime. And once you'd punched through the card, you couldn't make any more investments at all. Under those rules, you'd really think carefully about what you did, and you'd be forced to load up on what you'd really thought about. So you'd do so much better."

    -Warren Buffett

    Having recently looked though my investing journal, I noticed my own occasional "toe-dipping" investing behavior. I would identify a security, study it, find it suitable for investing and buy a relatively small amount of it. Perhaps I thought that the price could decline further, giving me an opportunity to buy more. Perhaps I was concerned that a large position may result in a large loss. What often happened, however, was...

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    Themes: Position size
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