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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (94743)2/28/2002 10:00:13 AM
From: Tommaso  Read Replies (1) of 132070
 
I was thinking about Mike's thirds way of doing things.

If you consider John Templeton's admission that one-third of the time he is wrong about what he does, then it makes sense to only invest a third at a time since it improves your chances of being correct in your timing.

I tend to plunge in too heavily when I become convinced that something is a good idea.
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