Buying and flipping houses and land and investing in a few stocks each year for thirty years kept my family fed and housed. I was lucky to have sold eight houses and several parcels just as the real estate market started to feel slimy. Since then I have devoted myself entirely to managing stocks and convertible bonds. I had also worked at a bank for 27 years, retiring in 1991.
I am an aggressive equity investor since 1965 when I debated buying Berkshire Hathaway or Narragansett Capital as my first stock. I bought Narragansett, which worked out for me, but Berkshire could have made me a billionaire. Oh well. In researching an investment I read everything available on it, and dismiss about 80% as just chatter. I barely escape being a day trader. I hold some stocks for many years and some for a few days, buy dividends, write covered calls, take inordinately quick profits before they disappear, and pray that Tivo, like Apple, never pays a dividend.
At any time there may be from six to twenty or so stocks in my trading account. I am not afraid of going heavy into one issue if it feels right. If it sometimes seems there are too many eggs in one basket, I sit in the barn with a shotgun.
Investing for 20 years, emphasizing stock picking for the last ten. Long-only, driven by valuation relative to risk and growth prospects. My contrarian approach works well during periods of volatility, typically trailing market returns during bull runs.