Wednesday, May 25, 2005

05/25/2005 - The size of a milk carton

I was thinking about Michael Lewis's book, Money Ball the other day. I don't recall the words verbatim but I think it was around page 145 in the paperback when he wrote about pitching to Jason Giambi. To summarize, Jason has a weak spot in his strike zone where pitchers can get him. The spot is the size of a pint milk carton. However, if Jason can see this pitch coming he steps out of his stance and fowls off the pitch. He is still alive. If the pitchers miss this weak spot, watch out because Jason will crush the pitch!

So, my point is that when you are in the markets you are competing with the Jasons and MLB pitchers of investing. Be careful or you will get crushed! You have to be certain why you are putting on a trade and not just hoping.

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