Recs

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Player Avatar 20Punches (48.63) Submitted: 12/26/2012 1:55:25 PM : Outperform Start Price: $58.99 NSC Score: +43.05

“When Warren lectures at business schools, he says, “I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so you had twenty punches – representing all the investments that you get to make in a lifetime. And once you’ve 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 much better.”" – Charlie Munger

In the spirit of this idea, I made 5 initial punches/picks, and will thereafter make a maximum of 1 pick per fiscal quarter until all 20 punches have been used. I expect to use up all punches over the next 5-7 years. I will compare the performance of this acct to my more "active" CAPs account, and see if this maxim proves correct.

Member Avatar trackjakeambrose (59.41) Submitted: 1/8/2013 1:15:30 AM
Recs: 0

replied to your mcd with 10, this surely wouldve been close to consideration in my 10 as i picked cni and csx

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