I have a story that I want to share with you. But before that, let me ask you a question.
How many of you have heard of the "Ted Williams hitting grid analogy" which is used to describe successful investing? Warren Buffett and many other well-known investors often use this analogy.
If you're not familiar with the Ted William hitting grid analogy, here's what it is.
In 1971, Ted Williams, who was arguably the greatest baseball hitter of all time, wrote a book called The Science of Hitting. In this book, he talks about the strike zone.
And what's interesting about this is, when Ted William was playing, he wasn’t just looking for strikes. He knew exactly what pitch he was looking for and he was looking for pitches he knew he could hit.
The same thing applies to investing. There are no-called strikes in investing. You don't have to invest in every company you see, you just have to know your sweet spot, and only swing at pitches you can hit!
But here's the problem, almost every investor is looking for that same fat pitches. What do I mean by fat pitches?
Fat pitches are companies that are obvious.
Companies that are moving on the right trend, they have the right management team, the right business, the right valuation, the right growth, the right margins, the right share structure, the right salaries, the right insider buying, the right incentives, the right board, no debt, no related party transactions, confident but not promotional management with an extremely long-term view, etc.
This is what I meant by fat pitches. They might appear once every few years but they are extremely rare.
Finding for the Obvious One is like betting on Lebron James. When Lebron James is playing, you know he's going to do his best and he's going to play well.
But the truth is, you can also make a lot of money investing in situations that are not so obvious.
But how? Well....check out this episode to find out more!
For more info about Delugne Investing, check out Delugne.com to find out more!
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